Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.India on Tuesday formally challenged the US on higher auto tariffs by raising the matter with the World Trade Organization,

The OECD has forecast a global economic slowdown due to Trump's tariff announcements, with India expected to buck the trend. The US has dismissed India's WTO challenge on steel and aluminium tariffs,

Howard Lutnick, US Secretary of Commerce, on Tuesday expressed strong optimism about a forthcoming trade agreement between India and the United States, while praising Prime Minister Narendra Modi and the bilateral relationship shared by both nations.