India begins groundwork for US tariff deal, ministries told to draft sector-wise concessions: Report

India begins groundwork for US tariff deal, ministries told to draft sector-wise concessions: Report

Facing pressure from Trump’s 25 per cent tariff, the Indian government has launched an inter-ministerial effort to draw up trade concessions ahead of key negotiations. With a US delegation set to arrive on August 25, key economic ministries have been directed to prepare sector-specific proposals

President Donald Trump with Prime Minister Narendra Modi at the White House. The 25 per cent tariff and Russian penalty on India comes even as officials continue to hammer out a trade deal, which has been ongoing since February. File image/AP