WEB DESK
The government of India has set up a control room to monitor the announcements by US President Donald Trump regarding the imposition of reciprocal tariffs against key trading partners including India at 1.30 am (India time), source said.
Senior officials from ministries including commerce and industry will be present in the control room for close watch of the announcements, they said.
US President Donald Trump has said the tariff announcements, scheduled for early morning Thursday (India time), will turn out to be a ‘Liberation Day’ for the US.
The commerce ministry is working on possible four scenarios to assess the potential fallout of these reciprocal tariffs as there is still an uncertainty over the quantum and manner in which these levies will be imposed.
According to trade experts, the duties could be announced either country wise of sector wise or at product level.