Navigating the Trade Tariff Tightrope: India's Bid for Exemption

The US plans to impose reciprocal tariffs on India threaten seamless bilateral trade. While India aims for an exemption, the US may seek concessions beyond trade. Despite uncertainties, talks for a bilateral trade agreement continue, targeting completion by fall 2025, potentially affecting various sectors like textiles and tech.

India is facing potential reciprocal tariffs from the US, a move that could disrupt bilateral trade between the two nations, according to Indian exporters.

While US President Donald Trump has proposed new tariffs, there remains the possibility of exemptions for certain countries, although India might not be among them.

Trade talks are ongoing, aiming to finalize a bilateral agreement by fall 2025, with both countries negotiating terms on market access, agriculture, and industrial goods.

(With inputs from agencies.)