Govt in wait-and-watch mode on US tariff fallout

New DELHI: India closely monitores potential tariff differences as a result of US mutual tariffs, but any unexpected situation planning can only be done after assessing the full impact of tasks. He added that the government would remain in waiting and monitoring mode until then.

One of the authorities said, “Today, on July 15, we are not in a position to predict the different tariffs that will play on 1 August.” He said.

Meanwhile, Indian negotiators are in Washington for fifth negotiations on the proposed bilateral trade agreement (BTA).
“According to the decision of the leaders, the negotiations continue and the reference conditions decided.” He said.

The duo aims to conclude the first slice of BTA until September.

Explaining why a backup plan cannot be prepared without understanding the full impact of tariffs, “We have tariff numbers for about 25 countries … The US has announced that they will make trade agreements within two weeks. Therefore, what these agreements lead and explained what the final planning plan will be. Mod.