https://www.taxtmi.com/news?id=39520 The Government has set up a control room to monitor announced reciprocal tariffs by the US and coordinate an inter-ministerial response; the commerce ministry is preparing four contingency scenarios to evaluate impacts given uncertainty over the tariffs' scope and quantum. Industry and exporters fear reduced competitiveness, while bilateral trade negotiations-aiming for a first-phase agreement by fall 2025 and increased trade volumes by 2030-are referenced alongside reported tariff differentials and non-tariff barriers that frame policy and negotiating considerations. en-us Wed, 02 Apr 2025 21:01:03 +0530 Wed, 02 Apr 2025 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39520 The Government has set up a control room to monitor announced reciprocal tariffs by the US and coordinate an inter-ministerial response; the commerce ministry is preparing four contingency scenarios to evaluate impacts given uncertainty over the tariffs' scope and quantum. Industry and exporters fear reduced competitiveness, while bilateral trade negotiations-aiming for a first-phase agreement by fall 2025 and increased trade volumes by 2030-are referenced alongside reported tariff differentials and non-tariff barriers that frame policy and negotiating considerations. News - Wed, 02 Apr 2025 21:01:03 +0530 https://www.taxtmi.com/news?id=39520