<ul><li>India is unlikely to immediately retaliate against President Donald Trump’s tariff imposition, and is focusing efforts on negotiating a bilateral trade deal with the US to bring down duties.</li><li>India plans to work toward a balanced and equitable trade deal with the US, including discussions on goods and services.</li><li>The NSE Nifty 50 Index fared better than most Asian peers last week as the impact of the levies was deemed milder than that for other economies.</li><li>India's restraint from immediate retaliation contrasts with China, which decided to impose a 34% retaliatory tariff on all goods imported from the US.</li></ul>

India To Focus On Trade Deal, Avoids Retaliation On US Tariffs

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