With tariffs on imports averaging 14%, India is especially vulnerable to the reciprocal levies Trump says he will impose on some countries.

By Sarita Chaganti Singh, Shivangi Acharya and Shivam Patel NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi is preparing additional tariff cuts ahead of a meeting this week with U.S. President Donald Trump that could boost American exports to India and avoid a potential trade war,

India has benefited from the decline of the U.S.-China relationship and is viewed as a possible ally in countering China’s rise politically

There is no question that tariffs will increase the input costs of key components in housing like flooring, millwork, and cabinetry.”

Existing American tariffs already restrict steel and aluminum shipments from China, which is now flooding other markets with its exports instead.

President Donald Trump on Monday imposed a 25% tariff on all steel and aluminum imports into the United States with no exceptions or exemptions.