Unlike many other nations, India has been been on the front foot to negotiate tariff cuts and is open on over half of US imports worth $23 billion, Reuters reported

India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years,

The government is in the process of identifying specific products predominantly manufactured in the US that could benefit from the proposed tariff cuts.

While India's direct export loss from US tariffs is expected to be limited, the broader impact of global trade tensions remains uncertain.

The Trump admin's decision to increase import duties on vehicles aims to promote local production and reduce dependency on foreign-built cars in the US.

US President Donald Trump confirmed 25% tariffs on vehicles not manufactured in the US, set to take effect on 2 April. Auto shares fell across Asia following the news, with the impact expected to ripple through Europe.