India's Strategic Response to US Tariffs

• The Indian government has decided not to retaliate against the 26% tariff imposed by the US, citing ongoing trade negotiations.
• New Delhi sees an advantage in being one of the first nations to start trade deal talks with Washington, positioning itself better than other Asian countries.
• Prime Minister Modi's administration is exploring a clause in Trump's tariff order that offers relief for trading partners who remedy non-reciprocal trade arrangements.
• India has already made concessions, such as cutting tariffs on US products like high-end bikes and bourbon, and scrapping a digital services tax.
• Economists warn that Trump's tariffs could impact India's economic growth and the diamond industry, which heavily relies on exports to the US.

Source: Times Now News, News 18, Business News India, Hindustan Times