Visakhapatnam, March 6 -- Union Finance Minister Nirmala Sitharaman on Thursday said that the impact of the US tariffs will be felt on India, adding that Union Minister Piyush Goyal is going to America and holding talks with the government there.

Speaking at an event in Visakhapatnam, Sitharaman further stated that the tariffs are likely to increase with the decision of the US President.

Sitharaman said, "We will have to see how the Commerce Ministry takes up negotiations with the U.S. to ensure that our interests are well-represented."

For context, On February 18, US President Donald Trump outlined a new trade policy focused on fairness and reciprocity and said that the US would implement reciprocal tariffs, charging other countries t...