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India assessing impact of US tariff hike, studying trade 'opportunities'

( April 3, 2025, 11:02 GMT | Official Statement) -- MLex Summary: India is assessing its trade relationship with the US and actively exploring "opportunities that may arise" in the wake of US President Donald Trump's executive order imposing additional tariffs, including a 27 percent duty on imports from India. India is "carefully examining the implications of the various measures/announcements" made by the US, according to a statement by the Ministry of Commerce and Industry today. Its commerce department is "engaged with all stakeholders, including Indian industry and exporters,  taking feedback of their assessment of the tariffs and assessing the situation."Statement issued by the Ministry of Commerce & Industry follows:...

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