India may hope for a reprieve from US’ reciprocal tariffs on April 2, at least partially, if trade and tariff negotiations go well with the visiting team of American officials led by Assistant US Trade Representative Brendan Lynch this week. US President Donald Trump’s recent assurance that he may give a “lot of countries” a break and charge them relatively less reciprocal tariffs augurs well for the talks but much depends on how they play out, sources said. “I may give a lot of countries breaks, but it’s reciprocal. But we might be even nicer than that…. We may take less than what they’re charging because they’ve charged us so much, I don’t think they could take it,” he said at a White House briefing on Monday. In the same breath, he said the tariffs would be substantial, and more can be understood about that on April 2. Some experts warn that India should not let down its guard and be ready with its strategy as Trump never showed his hand fully.
