Indian and US diplomats are trying to arrange a meeting in February between PM Narendra Modi and President Donald Trump in Washington as worries rise over tariffs

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.

President Donald Trump has again warned that he will impose 100% tariffs against countries of the BRICS bloc, of which India is a part, if they take any steps to replace the U.S. dollar.

In his remarks after the inaugural address, President Trump threatened BRICS nations with 100% tariffs if they pursue de-dollarisation efforts.

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

India’s government is evaluating options ranging from a trade deal, cutting tariffs and importing more goods from the US if US President Donald Trump follows through with threatened trade action.

S O BEGINS Donald Trump’s tariff roller-coaster, sure to be a stomach-churning ride for the global economy. He started his first day in office with an unexpected show of restraint: rather than slapping hefty new tariffs on other countries,

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.