New Delhi, March 6 -- Citing high tariffs from countries such as Brazil, India and China, US President Donald Trump said his plan for reciprocal tariffs would come into effect on April 2, but Indian officials held out hope of a resolution, pointing to trade negotiations currently underway between New Delhi and Washington.
Trump's intention to hit a range of trade partners with reciprocal tariffs, unveiled during an address to a joint session of the US Congress on Tuesday, have intensified concerns about trade wars that could hit global economic growth. Trump's remarks came at a time when commerce minister Piyush Goyal is on a nearly week-long visit to the US for the trade negotiations.
According to people familiar with the ongoing talks...
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