Imposing reciprocal duties violates global trade rules but one has to follow a "wait and watch" approach to US President-elect Donald Trump's remarks on imposing reciprocal tariffs, a senior official said on Wednesday.
US President-elect Donald Trump has said that India charges a lot of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.
Trump made these remarks on Tuesday and also said that India and Brazil were among countries that impose high tariffs on certain US products.
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