India's limited local currency trade reduces risk of US tariffs amid BRICS de-dollarisation push, promoting rupee internationalisation.

President Donald Trump has imposed stiff tariffs on imports from Mexico, Canada and China. The move has pushed the United States - the world's largest economy - into a trade war with neighbours. While China has not responded, Canada and Mexico have vowed retaliatory tariffs.

India may cut customs duties on a few high-end goods - such as a special kind of steel, expensive motorcycles, and electronic items - imported from the United States, sources told NDTV Wednesday.