India, March 7 -- US President Donald Trump has said that reciprocal tariffs will be imposed on several countries from April 2, as a measure to hit-back on countries that tax America. While making the announcement, he cited high tariffs in countries such as China, Brazil and India, but Indian officials held out hope for a resolution that could help India escape the tariffs and eventually culminate in a trade deal by this fall.

Though Trump didn't specifically refer to electronic goods in his joint session address of the US Congress, Indian electronics are still a key item imported by US tech firms, according to a Mint report.

As a result, global brands like Apple which use India as a manufacturing hub can see their overall costs increas...