US President Donald Trump’s America First Trade Policy could translate into tariff threats for India which the government may counter through negotiations and with retaliation if needed, sources have said. Experts suggest that India should closely watch what the Trump regime does over the next few weeks and be open for consultations with the US government, while not ruling out retaliation. “The America First Trade Policy is harsh on China but doesn’t name India. However, it says that the US government will investigate the country’s trade deficits and may impose supplemental tariffs on trade partners. India would no doubt be ready to hold consultations with the US on the matter if it seeks one and react appropriately,” a source tracking the matter said. There will inevitably be some action around India as Trump needs more market access and wants to balance trade, pointed out Biswajit Dhar, Distinguished Professor, Council for Social Development.
