India and USA Edge Closer to Historic Trade Deal
New Delhi/Washington: In a major development, India and the USA are inching towards a groundbreaking trade agreement that promises mutual economic benefits. Officials from both nations are working to finalize a historic deal aimed at ensuring a win-win situation for both economies. Experts suggest that the most successful trade agreements are those where both parties feel their concerns have been addressed, rather than agreements that lead to dissatisfaction on either side.
The Indian government has reiterated its commitment to securing a balanced trade deal with the USA, particularly in light of evolving US trade policies. Former President Donald Trump had previously declared that the USA had adopted a reciprocal trade policy, meaning that any tariffs imposed on US goods by another country would be matched by the USA on imports from that country. This shift in policy was underscored during Prime Minister Narendra Modi’s visit to the USA, where Trump publicly emphasized America’s new trade stance ensuring that India will win and the USA will win.
However, reports clarify that reciprocal tariffs have not yet been imposed on India. Despite some misconceptions, these tariffs remain in the proposal stage, pending comprehensive evaluation. Given the massive trade volume between the two nations, implementing such a policy requires careful assessment. Bilateral trade is already valued at approximately $130 billion in goods alone, with the total figure soaring higher when including services.
Officials indicate that the USA is currently analyzing India’s export portfolio and comparing tariff structures. Tariff discrepancies exist across multiple product categories. For instance, the USA exports almonds to India, which are subject to specific tariff rates, while American motorcycles entering India face tariffs ranging between 25% and 30%. Each category is being carefully reviewed to determine fair trade policies.
Both governments recognize that increased market access is essential for economic growth. The trade volume between India and the USA is expected to reach $500 billion by 2030, emphasizing the need for a sustainable and balanced trade relationship. With ongoing discussions progressing positively, analysts believe a mutually beneficial agreement could soon be finalized, ensuring that India will win and the USA will win in this landmark trade negotiation.
If we sign a trade pact, now what does India have to keep in mind in this and what are those things that can help India, I will explain to you by Emmanuel Macron, now Trump is going to have a problem in the recipe proverb trade, there are many items which Indians are not at all interested in purchasing from the USA, like cars, let me talk about cars, for now, Indians, I mean, I am talking about the majority population, there are some enthusiasts who definitely want to buy Tesla’s Cyber Truck, I am not talking about them but if I talk about the masses,
