India hopes trade talks with the U.S. will continue even as the U.S. hiked tariffs on its exports to 50% due to New Delhi's purchase of sanctioned Russian oil, two lawmakers said on Monday, citing a briefing to a parliamentary panel on foreign affairs.

Government focuses on export diversification to mitigate US tariff impact. Trade talks, red lines, and India-US relations discussed.

US President Donald Trump had imposed a 25% levy against Indian imports at the beginning of August --- vowing to add an additional 25% later this month for its continued purchase of Russian oil.