India's equity benchmark indexes are likely to open flat on Wednesday as investors remain anxious about the latest tariff threats from U.S. President Donald Trump and its potential impact on the world's largest economy.

US President Donald Trump has pledged to impose so-called reciprocal tariffs on imports from foes and allies alike from April 2, matching their levies to redress any perceived trade barriers for American companies.

Piyush Goyal, India’s commerce minister, was in Washington last week for discussions on a bilateral trade agreement meant to fend off Trump’s threat last month of reciprocal tariffs. While Indian officials say discussions are “advancing”,

US President Donald Trump has talked about imposing reciprocal tariffs on India. Now Commerce Secretary Sunil Barthwal addressed a parliamentary committee on foreign affairs regarding this. India On Trump tariff: US President Donald Trump had claimed recently that India has agreed to reduce tariffs on American imports.

Donald Trump on Friday said India agreed to cut tariffs significantly as he is exposing New Delhi for imposing ‘massive tariffs’ on US imports.

A potential India-US trade deal will iron out the impact of Trump tariffs, according to a report by Nirmal Bang Equities.The report stated that as the United States, under President Donald Trump, continues to impose tariffs on global trade,