<h1>India Prepares for US Reciprocal Tariffs as Trade Negotiations Continue Over Agricultural Products and Sector-Specific Impacts</h1> India's commerce ministry is preparing for potential fallout from US reciprocal tariffs scheduled for April 2, developing various impact scenarios across sectors. President Trump has indicated India will substantially reduce its tariffs, while the White House claims India imposes 100% tariffs on American agricultural products. Currently, US goods face 7.7% average tariffs in India while Indian exports to the US face 2.8%. Sectors potentially affected include pharmaceuticals, diamonds, electronics, automobiles, and agricultural products. The US accounts for 18% of India's exports and maintains a $35.32 billion trade surplus with India. Both countries are working on a bilateral trade agreement while India develops a portal to address non-tariff barriers.