India, March 28 -- With days left before US President Donald Trump announces reciprocal tariffs on April 2, Indo-US trade negotiations continue to take place. Will India drastically bring down its tariffs to address Donald Trump's criticism of Indian tariffs being too high? Will the reductions be across the board or commodity specific? A report released by Barclay's Chief India Economist Aastha Gudwani has analysed Indo-US trade in detail and suggests that India might take a cluster-wise approach to the negotiations.

US's trade deficit with India has increased significantly, but it is still relatively small compared to others

Data from US Bureau of Economic Analysis (BES) shows that US's trade deficit with India was rising consistently ...