India desperately needs a trade deal with President Donald Trump — for both economic and strategic reasons. When rival Pakistan, with its far smaller economy, finalized an agreement first, it underscored just how badly India has misplayed its hand.
Make sense of the latest news and debates with our daily newsletter
India was among the first countries to enter trade negotiations with the Trump administration. Yet despite nearing an interim deal several times, there has been no breakthrough. And prospects for one have dimmed in recent weeks, with the president first slapping a 25 percent tariff on the country, then threatening further unspecified measures and 50 percent tariffs Wednesday morning if India does not stop buying Russian oil.
No comments:
Post a Comment