US Tariffs At 50% To Impact India's Trade, New Negotiation Date Not Fixed Yet: Govt Sources

US tariffs at 50% will impact India's trade and some sectors like gems and jewellery, chemicals, home decor are set to suffer losses, government sources told NDTV Profit. The impact is expected to be for the short term as supply chains will recalibrate.

Sources also said that the new date for negotiations is not fixed yet and the next formal round of negotiations on the tariff rate between the two countries is scheduled to happen soon.