India plans to return to the negotiating table after President Donald Trump terminated a trade concession, which allowed the country to export almost 2,000 products to the U.S. duty-free, people with knowledge of the matter said.
While an option is to raise tariffs on a slew of U.S. goods as retaliation, India may not choose that considering the benefits withdrawn by Trump were not mandated by any global pact and were offered voluntarily by Washington, said the people who asked not to be identified, as they aren’t authorized to speak to the media. Any counter tariff measures could fall foul of World Trade Organization norms.
