India says 'examining the implications' of US tariffs

India said Thursday it was 'examining the implications' of sweeping US tariffs. Photo: Narinder NANU / AFP
Source: AFP

India said Thursday it was "examining the implications" of sweeping US tariffs, saying it was eyeing "opportunities" aft rival competitors were harder deed by US President Donald Trump's hike successful duties.

New Delhi, which is successful the process of negotiating the archetypal tranche of a bilateral commercialized statement with Washington, said it was pushing up with talks for a deal.

India's Department of Commerce said it is "carefully examining the implications of the assorted measures", adding successful a connection that it was "also studying the opportunities that whitethorn originate owed to this caller development".

Trump, speaking portion unveiling the tariffs astatine the White House connected Wednesday, said that Indian Prime Minister Narendra Modi was a "great friend" but that helium had not been "treating america right".

An archetypal White House illustration revealing the tariffs listed India astatine 26 percent, but a consequent annex -- cited by New Delhi -- enactment duties astatine 27 percent.

"Discussions are ongoing betwixt Indian and US commercialized teams for the expeditious decision of a mutually beneficial, multi-sectoral Bilateral Trade Agreement," the connection said.

The commerce section added that talks "are focused connected enabling some nations to turn trade, investments and technology transfers".

"We stay successful interaction with the Trump Administration connected these issues and expect to instrumentality them guardant successful the coming days."

India's pharmaceutical sector, which exported much than $8 cardinal of products to the United States successful the 2024 fiscal year, emerged unscathed -- with drugs exempt from its reciprocal tariff move.

Source: AFP