Indian officials are awaiting clarity on U.S. tariffs, emphasizing the urgency for a Bilateral Trade Agreement to protect local jobs and industry. There is ongoing dialogue between the two nations as they seek a balanced trade framework. The Indian government has already reduced tariffs in anticipation of negotiations.

Indian officials await a definitive announcement concerning the proposed tariffs from the United States, with plans for a national response contingent upon this declaration. An additional official expressed that the Indian industrial sector is increasingly anxious about the impending tariffs, advocating for a swift finalization of the Bilateral Trade Agreement (BTA) to prevent job losses caused by potential retaliatory measures from the U.S.

In conclusion, the Indian government is actively monitoring the situation regarding U.S. tariffs while pursuing a Bilateral Trade Agreement to address trade imbalances. The industrial sector’s concerns underscore the urgent need for protective measures to mitigate job losses and economic impact. Continued dialogue between the two nations is essential to secure favorable outcomes for both parties.

Original Source: m.economictimes.com

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