India continues to engage US: Govt to House amid fears of reciprocal tariff

News Snapshot:

Amid fears among exporters of higher tariffs in the lucrative US market from April 2 when reciprocal tariffs are set to come into effect, the Ministry of Commerce and Industry told Lok Sabha Tuesday that the government is engaging with the US to eliminate tariffs and non-tariff barriers and improve trade. Commerce Minister Piyush Goyal concluded his US visit last Saturday and the Ministry plans consultations with exporters this week. Representatives from sectors including automobiles, leather, textiles, electronics and pharmaceuticals, among others, are expected to present their stance on tariff concessions that may be offered to the US during trade...