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 Barclays 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.

Data from US Bureau of Economic Analysis (BES) shows that US's trade deficit with India was rising consistently between 1999 and early 2010s after which it has stabilised. India's share in US's total goods and services trade ...