India, March 5 -- President Donald Trump has said countries have used tariffs against them for decades, and now it is their turn, citing high duties countries such as India, South Korea, and China imposed on US goods. In his nationally televised address to a joint session of Congress, Trump said "reciprocal tariffs" and non-tariff actions to balance out years of trade imbalances will follow on April 2.

Higher US tariffs were unlikely to immediately impact India as New Delhi and Washington were resolving differences through dialogue. Commerce minister Piyush Goyal left for the US on Sunday for negotiations expected to pave the way for headway on a multi-sector bilateral trade agreement (BTA). The negotiations were expected to cover indust...