India unlikely to retaliate against Trump's tariffs as deal talks progress, sources say
India unlikely to retaliate against Trump's tariffs as deal talks progress, sources say
NEW DELHI, April 6 (Reuters) - India does not plan to retaliate against U.S. President Donald Trump's 26% tariff on imports from the Asian nation, an Indian government official said, citing ongoing talks for a deal between the countries.
Prime Minister Narendra Modi's administration has looked into a clause of Trump's tariff order that offers a possible reprieve for trading partners who "take significant steps to remedy non-reciprocal trade arrangements", said the official, who declined to be named as the details of the talks are confidential.
