Explore India’s plans to counter U.S. tariffs, including increasing imports, retaliatory measures, and boosting domestic industries. Learn how these strategies can minimize economic impacts and protect key sectors like IT,

Trump has warned that he will impose 100 per cent tariffs against countries of the BRICS bloc, of which India is a part, if they take any steps to replace the US dollar. BRICS, formed in 2009, is the only major international group of which the United States is not a part.

The government is considering options such as reducing tariffs, trade deals, and importing more goods from the US to negate the tariff threat if it becomes a reality.

Indian officials are also considering a limited trade deal with the US under one of its scenarios, people familiar with the matter said.

India's shares fell on Tuesday due to uncertainty over Donald Trump's plans for India after the U.S. President announced trade tariffs on neighbouring countries within hours of taking office.

US President Donald Trump’s renewed threat of imposing 100% tariffs on BRICS nations in a calculated response to the bloc’s growing efforts to challenge the dominance of the US dollar in global trade.

Donald Trump said that the BRICS does not have a leverage on the United States, instead Washington holds a barrel over them.