An Indian government official reportedly told Bloomberg News on Sunday that his government is “unlikely to immediately retaliate against President Donald Trump’s tariff imposition.”
Instead, New Delhi hopes to work out a deal to reduce tariffs and trade barriers on both sides, according to the media outlet. The unnamed bureaucrat expressed India’s desire to seek “dialogue and not confrontation” and “work toward a balanced and equitable trade deal with the U.S.”
The South Asian nation was hit with a 26 percent tariff last Wednesday, plus the standard ten percent applied to every other country, when President Trump revealed his schedule of levies against foreign nations worldwide. Bloomberg described the tariff as a “setback” for Prime Minister Narendra Modi, who had already made significant trade
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