India-US Trade Deal: Very important progress has been made in the ongoing trade deal negotiations between India and America and a deal can be made between the two countries soon. According to NDTV report, despite the India-European Union (EU) Free Trade Agreement reaching the final stage at the political level, talks with the US continued.

Government sources rejected speculation that the India-EU agreement was part of a bargaining strategy with the US. Sources say that America was not mentioned even once in the limited meetings of India-EU on the last day. According to the government, the EU agreement was put forward on its own independent timeline and in its own commercial interests, and not as a response to parallel negotiations with the US.

Government has full eye on American market also

The government also clarified that a completely cautious approach has been adopted regarding America also. According to sources, the US market is at least equally important, but in many cases even more so. A source said that even during the crucial phase of India-EU talks, Indian trade negotiators were in constant touch with their American counterparts. Talks are still ongoing and India is optimistic about a positive outcome.

Impact of changes in the global trade system

Sources linked India’s trade strategy to the increasing fragmentation of the global trading system. He said that the MFN based WTO system is currently under pressure, hence countries are now giving priority to bilateral and multilateral agreements with big partners. India’s strategy is aimed at ensuring access to larger markets, stability and predictable rules for exporters and investors, and not at treating one agreement as a substitute for another.

India does not consider EU and US exports as competitors

Government sources stressed that India does not consider exports to the EU and the US as competing goals of each other. The priority of the government is to increase exports in both the markets, which will strengthen employment and investment in the country. Describing EU as the world’s largest import market, sources said that the India-EU agreement is an example of how India wants to move forward with big markets. Although the sources did not disclose about the India-US trade agreement, they said that the talks are ongoing. According to him, the possibility of a compromise in future has increased.

Trying to reassure the industry

The public signal of the government is also for the industry. According to sources, an attempt is being made to convey that the EU agreement is not a geopolitical strategy to get ahead of each other and talks with America are also in the final stages. The government emphasizes that India’s trade policy is being determined not by strategic signals but by concrete business outcomes such as market access, stable regulations and supply chain integration.

Us on tariff: The US has decided to impose 125 percent tariffs on goods coming from China. This was announced by President Trump himself on Truth Social, while Trump has stopped the tariffs imposed on 75 other countries for 90 days. Trump said that all these countries are ready to talk with America.

US Finance Minister Scott Besant said during a press briefing at the White House on Wednesday (April 9) that India is a country that is at the forefront to talk with us on tariffs. He said on 125 percent tariffs imposed on China that this step was taken because China is doing business wrongly in the global market. China’s economy is creating imbalance. This tariff is not only for China, but also for those countries that violate trade rules.

Finance Minister Scott Besant emphasized that such a step will pay attention to all countries like China, which are creating imbalance in global economy. He further said that in the midst of tariff announcements, our main negotiations about the trade issue are being held with India, Japan and South Korea, all of them are neighbors of China. We want to talk to all those countries on the issue of tariffs, who will come forward and propose our proposals, we will also give them awards. We are considering reducing the already implemented tariffs to 10 percent for them.

World looking towards America- Caroline Levitt
White House press secretary Caroline Lewit said during the press briefing that the world is looking not towards China, but towards America, because they need our market. He further said that the media ignored the art of “The Art of the Deal”, but in reality the rest of the world is now getting away from China and closer to America.

China reverses America
After the US imposed 104 percent tariffs, China had increased the 34 percent tariffs imposed by 50 percent, after which the figure increased to 84. After this decision, the US announced to impose 125 percent tariffs on China. Along with this, it was also decided to stop the tariffs on the remaining 75 countries for 90 days. The 125% tariff on China by the US is a sign of the beginning of the new era of global trade. This step is an extension of President Trump’s “America First” policy. However, in the coming months it will be clear that this conflict increases stress or gives rise to new business balance.