3Photo© hindustantimes.comTrump Actively Negotiating India Trade Deal After Hiking Tariff: Report
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US President Donald Trump's latest tariff policy has sparked fear among Indian exporters. With duties raised to 26% in addition to a baseline tariff of 10%, domestic sellers fear their foreign sales could be hit. However, a solution may be around the corner with Indian and US officials negotiating a trade deal before the tariffs come into force next week, suggest media reports.
Trump is "actively negotiating" trade deals with India, Vietnam, and Israel, CNN cited a senior adviser to the US President as saying.
The 10% base tariff will be effective from today while a flat 26% country-specific duty for India will come into force next Wednesday (April 9).