India said on Thursday it was studying the impact of the 27% tariff slapped by the U.S. on its imports and vowed to push for a trade deal this year, signalling a conciliatory tone despite failing to get relief from President Donald Trump's trade policy.

US President Donald Trump is "actively negotiating" trade deal with India, Vietnam and Israel ahead of the new tariff deadline, CNN reporte.

US President Donald Trump's latest tariff policy has sparked fear among the Indian exporters. But a solution may be around the corner with the Indian and US officials negotiating a trade deal before the tariffs come into force,

A wave of anxiety has gripped India's diamond polishing hub of Surat, as hefty U.S. tariffs threaten to undermine the country's gem and jewellery exports, putting at risk the livelihoods of thousands of workers.

India is looking to soothe frayed nerves of its exporters while simultaneously speeding up trade talks with the US, in an attempt to minimize the impact of Donald Trump’s tariffs on Asia’s third-largest economy.

The United States accounted for roughly 30% of India’s gems and jewellery exports, valued at approximately $10 billion annually in 2023-24