Want mutually beneficial trade with US, says India

NEW DELHI: India underlined its interest in a "balanced and mutually beneficial" trade relationship with the US, amid concerns over the likely impact of the tariff firestorm on bilateral ties and the trade pact under discussion. Govt Friday reiterated that a possible imposition of up to 100% US tariffs on nations buying Russian oil is fraught with consequences for bilateral ties.India-US annual trade now stands at $240bn and the two sides are looking to ramp it up further to $500 bn in the next few years.