New Delhi, Aug. 1 -- The US administration's 25 per cent blanket tariffs on Indian goods is "unfortunate" but are poised to be short-lived, as both the partner countries are working on a Bilateral Trade Agreement (BTA), Vimal Pruthi, Partner, International Trade, EY India, said on Friday.

"This is an unfortunate move by the Trump administration...It will impact, in short term, on some of the export sectors like textile, gems, and jewellery, engineering goods, FMCG products. It is surely going to impact in the short term," Pruthi told ANI.

He sees the impact of tariffs going away as and when the interim trade deal is reached.

"We all know that Indian government is already in discussion with the US administration for a trade deal, so we ...