Assessment of reciprocal tariff hinges on India-US trade talks: FM

New Delhi: Union Finance Minister Nirmala Sitharaman on Thursday said that reciprocal tariffs remain a key subject in discussions between India and the United States, with the final decision contingent on ongoing negotiations.

"Tariff is something the US President has been speaking about. The Commerce Minister (Piyush Goyal) has already gone to the US... (to) engage with US officials, including the United States Trade Representative (USTR). Based on the negotiations...we will take a call," Sitharaman said at a post-budget interaction at Visakhapatnam.

Sitharaman said that before departing for the US, Goyal held consultations with various stakeholders to ensure a well-informed approach to the discussions.