New Delhi: India is likely to be among the countries worst hit by US President Donald Trump’s trade offensive, with tariffs on Indian imports set to surge to 50 per cent if a deal is not struck in three weeks.
Below are various options for India to deal with the crisis.

India was expected to be among the first countries to sign a trade deal with Trump’s team, but talks fell through after five rounds of negotiations over disagreements on opening India’s vast farm and dairy sectors and stopping Russian oil purchases.

New Delhi has reacted strongly to the 50 per cent tariff on US imports from India, which could virtually stall trade. Still, Indian officials are hopeful that closed-door talks will address some differences. A US trade team is expected to visit the Indian capital later this month.

But Prime Minister Narendra Modi said on Thursday, without referring to the tariffs, that he was ready to “pay a heavy price” for not compromising on the well-being of the country’s farmers, dairy sector and fishermen.
Indian officials, however, have said they are open to cutting tariffs for some US farm and dairy goods like almond........

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