New Delhi Prepares for Potential US Tariff Hikes on Exports

New Delhi is conducting a detailed sector-wise analysis, preparing for possible tariff increases on Indian exports to the United States, as reported by The Economic Times. On Tuesday, President-elect Donald Trump had said that the US will impose reciprocal tariffs on Indian goods since New Delhi imposes high tariffs on American goods. The analysis includes multiple scenarios to address US concerns over high Indian tariffs, particularly on Harley Davidson, medical devices, and dairy products. Experts suggest India could reconsider import duties on specific items or offer greater market access to the US. India may also explore retaliatory tariffs or consult the World Trade Organization (WTO) if necessary.