India navigates trade war cautiously, eyes US market with reduced barriers amidst tariff threats, aims for strategic partnerships.

India is strategically navigating the global trade war by considering reducing tariffs and non-tariff barriers to enhance trade relations with the United States. This move comes in light of potential tariff threats from President Trump. While India is willing to decrease automobile import duties, it is not looking to eliminate them entirely at this stage. Despite escalating trade tensions worldwide, India is proactively exploring opportunities to diversify its sourcing, particularly from countries like Canada. Additionally, the country aims to ramp up exports and attract investments from the United States. This cautious approach showcases India’s commitment to maintaining a balance in trade relationships amidst the evolving international trade landscape.

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