The talks took place during the the India-Brazil Trade Monitoring Mechanism Meeting in New Delhi. (Photo: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

India and Brazil undertook talks for the expansion of a preferential trade pact, with market access issues and areas of cooperation in pharmaceutical and banking sectors, according to an official statement on Tuesday.

These topics were discussed during the India-Brazil Trade Monitoring Mechanism Meeting in New Delhi.

Both countries were hit by reciprocal tariffs as high as 50% by the US. India had a 25% tariff on its goods and services as a part of US President Donald Trump's reciprocal tariffs policy where 10% tariffs were imposed as a baseline on every country.

The US imposed another 25% tariffs on India for

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