India Prioritizes Trade Deal, Absorbs Trump Tariffs
In response to President Trump’s 26% tariff on Indian imports, the Indian government prioritizes negotiation over immediate retaliation, aiming for a balanced bilateral trade deal with the U.S. by fall. This approach, which includes discussions on both goods and services, leverages India’s competitive regional advantage. While offering support to affected exporters, the government acknowledges the new tariffs as a setback but anticipates a lower negotiated rate could mitigate some negative impacts. India’s measured response differs from China’s immediate retaliatory tariffs.
John Q. Hosedrinker