India’s Response to US Tariffs: Focus on Trade Negotiations Over Retaliation

India is unlikely to retaliate against increased US tariffs on steel and aluminum and is prioritizing trade negotiations with America. Unlike past responses under the Trump administration, these tariffs are not targeted specifically at India, allowing the country to focus on securing a favorable trade deal.

India is presently unlikely to implement retaliatory measures in response to the recent increase in US tariffs on steel and aluminum. Unlike previous instances under the Trump administration, wherein India raised tariffs on American goods in retaliation, the current tariffs are not specifically aimed at India. Instead, India’s focus remains on advancing negotiations concerning a mutually beneficial trade agreement with the United States, which remains a priority for New Delhi.

In summary, India is likely to refrain from retaliating against new US tariffs on steel and aluminum, emphasizing ongoing trade discussions instead. This strategic decision reflects India’s aim to enhance relations with the US through potential trade agreements, prioritizing diplomatic negotiations over retaliatory actions in response to tariffs that are not directed specifically at India.

Original Source: www.moneycontrol.com