India’s top diplomat said relations with the US are on firm footing in comments that come as New Delhi looks to lower tariffs on imports to fend off President Donald Trump’s threatened reciprocal levies that could upend bilateral and global trade.

Trump's reciprocal tariffs, effective April 2, 2025, signal a major shift in US-India trade dynamics with major economic implications.

It is only as the two countries progress through the negotiations that India will be able to make an assessment, Sitharaman said.

India’s government must prepare to take action against the US if President Donald Trump follows through with his threat to impose higher import tariffs, a senior industry executive said.

Union Finance and corporate Minister Nirmala Sitharaman on Thursday said that the impact of the US tariffs will be felt on India, adding that Union Minister Piyush Goyal is going to America and holding talks with the government there.

U.S. President Donald Trump delivered a major blow to India on Wednesday morning. While addressing a joint session of the U.S. Congress, he claimed that India imposes over 100% tariffs on American goods.

Arnab Das, Global Macro Strategist at Invesco EMEA, suggests that India could benefit from lowering tariffs in response to US pressures. This could make India's economy more open and competitive. Das emphasizes the broader context of Trump's aggressive trade policies and the potential for bilateral negotiations between India and the US.

I n his address to Congress Tuesday, U.S. President Donald Trump announced reciprocal tariffs for April 2, meaning the country is looking to match trade barriers it itself experie

US President Donald Trump criticised the high tariffs charged by India and other countries, terming them as “very unfair” and announced reciprocal tariffs from April 2 on nations that impose levies on American goods.