Trump-Modi meeting: As tariffs take centre stage, a look at what India trades with US
However, further reductions may be necessary, as just hours before meeting Modi, Trump announced reciprocal tariffs on all countries. India’s imports from the US over the past five years have grown at a slower pace compared to its exports.
Further, Morgan Stanley added that the indirect impact from uncertainty weighing on business confidence is more worrisome.
The GTRI also said that the US is not clear if the reciprocal tariff applies to specific products or entire sectors.
The announcement came hours before Trump met with visiting India Prime Minister Narendra Modi at the White House.
The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., ...
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