MUMBAI -- Ongoing bilateral trade talks between India and the U.S. have become crucial to the South Asian nation after it was slapped with a 26% reciprocal tariff on Wednesday.
Trade war
India digests 'unpalatable' U.S. tariffs as it eyes key trade deal
Despite lower tariffs than Asian peers, India remains exposed to wider downturn
A Kashmiri Muslim woman shops at a jewelry store ahead of the Muslim festival Eid al-Fitr. Indian exports in sectors like gems and jewelry are set to be worst hit by new U.S. tariffs. © AP
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