Reciprocal tariffs can trigger a cycle of escalating trade barriers, increasing the risk of a trade war that can harm both economies involved

A review of published data conducted by Bloomberg found discrepancies in the future reciprocal tariff rates listed in a White House annex compared to the charts presented during President Donald Trump's announcement of the "Liberation Day" tariffs early on Thursday.

The reciprocal tariff levy by the US is seen to pose both short-term as well as long-term challenges for India’s economy, trade relations, and currency markets.

India-China ties appear to be mending amid recent signs of the easing of tensions. The US trade war in which the two Asian giants are caught is also a factor.

A US report highlights India's high import tariffs on various American goods such as agricultural products, drug formulations, and alcoholic beverages, emphasizing significant trade and regulatory challenges.

India and the United States are on track to finalise the first tranche of a multi-sector Bilateral Trade Agreement (BTA) by late 2025. This comes after a series of discussions held in New Delhi from 26-29 Marc between officials from India’s Department of Commerce and the US Trade Representative's Office.

Indian and U.S. officials discussed trade issues including the reduction of tariffs and easing of non-tariff barriers, making progress towards a bilateral trade agreement during several days of talks in New Delhi,

US President Donald Trump has imposed a 26 per cent tariff on Indian imports, among the highest levies on major trading partners. Despite strong personal ties with Indian Prime Minister Narendra Modi,