President Donald Trump could sign an order as soon as Wednesday to require that U.S. tariffs on imports match the tax rates charged by other countries.

Donald Trump's trade advisers were finalising plans on Wednesday for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war.

In recent years, Delhi has shown a growing willingness to pursue trade deals. The Trump administration may prove to be a more willing interlocutor than the Biden administration, which imposed heavy environmental and labour-related conditions on new trade agreements.