New Delhi, April 1 -- As the world braces for US President Donald Trump's 'Liberation Day' tariff plan on April 2, India is working on different scenarios to counter the possible fallout of reciprocal tariffs on its key trading partners.

The impact of these tariffs may vary from sector to sector and India's commerce ministry is preparing different scenarios, reported news agency PTI, citing sources.

Trump has said that April 2 will be 'Liberation Day' as he plans to announce reciprocal tariffs to bring down America's trade deficit and promote manufacturing.

However, it is still unclear about the quantum of tariffs and how they will be imposed - whether at the product level, sector level, or country level.

According to the US Trade Rep...