India can walk into the negotiating room with the US far more confidently than ever, thanks to a strong economy and a milder-than-expected hit to its exports, according to officials and analysts cited by Reuters. Despite the United States slapping tariffs of up to 50% on Indian imports, the drop in New Delhi’s shipments has been less severe than projected. Outflows to the US fell 8.6% year-on-year to $6.3 billion in October. The drop was smaller than September’s 12% decline, the first month under Trump’s 50% tariff. The slower decline has eased pressure on New Delhi, even as other Asian economies such as Japan and South Korea have already concluded agreements with Washington to bring down duties. Indian authorities have maintained their stance, implying that they are in no hurry
Trump’s tariff tango: India is ‘ready to wait’ for deal - What gives New Delhi the space to negotiate with US
The Times of India1 hrs ago
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