The commerce department has also started talks with line ministries to identify products where duty concessions could be offered without hurting domestic industry or interests. India would particularly look to shield its farm sector.

The government is also examining the impact of reciprocal tariffs proposed by the US administration on its trading partners. The idea is to look at India’s competitors in the export market to assess if there is any relative price benefit and work out a strategy. “We have begun talks with line ministries,” one official said. India exports auto components worth about $15 billion (`1.2 lakh crore) at nil duty to the US annually, officials said. The import of auto parts into India, however, attracts 5-15% duty. This was flagged during an inter-ministerial meeting to discuss the IndiaUS BTA. India and the US aim to more than double two-way trade to $500 billion by 2030 and negotiate the first part of a mutually beneficial, multi-sector BTA by the autumn of 2025.

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