Channels open to both sides: government sources in the American commercial deal

US President Donald Trump’s decision to double the tariffs of Indian goods, which reach 50 %, entered into force on Wednesday, and the escalation of trade tensions between the largest Democrats and strategic partners in the world. Government sources told Business today that communication channels between Washington and New Delhi despite current tensions.

The source said: “Both sides have concerns about how to display this, and both sides (both sides) look forward to solving,” adding that the impact of definitions will feel the two countries.

“The main transformations may be ongoing,” the source added.

The last round of the tariff added a 25 % new punitive duty, linked to Russian oil imports in India, as well as the 25 % Trump tax on Indian exports. This brings total fees to 50 % through a wide range of goods.

Products that strike clothes, gemstones, jewelry, shoes, sports goods, furniture and chemicals include, making the new rates between the holiest imposed by Washington. The measures are placed, along with Brazil and China, facing some of the highest tariff systems from the United States.

This step is expected to hurt the Indian exporters significantly, raising concerns about the costs, competitiveness and the broader track of commercial relations between the two countries.

The source also noted that the impact of the American definitions “is not exaggerated or expected”, stressing that Indian exports not only depend on the American market. The source said: “There is no dismay or significant signs of distress at all.”

The officials added that the government is still in constant contact with stakeholders in this field, who are described as flexible and experienced in previous challenges. A multi -side strategy is developed, focusing on promoting export, diversification, and launching the task of promoting export to alleviate the effect of the tariff.

The source also noted that the impact of the American definitions “is not exaggerated or expected”, stressing that Indian exports not only depend on the American market. The source said: “There is no dismay or significant signs of distress at all.”

The officials added that the government is still in constant contact with stakeholders in this field, who are described as flexible and experienced in previous challenges. A multi -side strategy is developed, focusing on promoting export, diversification, and launching the task of promoting export to alleviate the effect of the tariff.

The source added that India is communicating with other markets for profitable trade deals.

It deals with scott bessent ass

On Wednesday, US Treasury Secretary Scott Payette expressed their confidence that Washington and New Delhi will eventually reach a joint floor despite President Donald Trump’s recent move to impose a 50 % tariff on Indian goods. In an interview with Fox News, BESSENT indicated that commercial frictions extend to after the purchase of India from Russian oil. He pointed out that negotiations on customs tariff issues began shortly after the liberation day, but the deal has not yet been completed. According to him, the talks were initially expected to conclude by mid -year, but delay and concerns about Russian crude imports added layers of complexity to discussions.

Despite the high sharp tariff, Bessent stressed that Washington and New Delhi are at stake a lot of stake to allow their commercial relationship to collapse, stressing that as the largest democracy in the world and the largest economy in the world, it is expected that the two countries eventually find a common ground.