New Delhi: In a bold move to navigate the complexities of international trade, India is positioning itself to finalize a groundbreaking bilateral trade agreement with the United States by the fall of 2025. This ambitious timeline is part of India’s strategic response to the recently imposed US tariffs, which have sent ripples across global markets. According to External Affairs Minister S. Jaishankar, India stands out as the only country to have reached a trade understanding with the US following President Trump’s second term. This development underscores India’s proactive approach in global trade, particularly as countries adapt to evolving economic policies.
S Jaishankar addressed the impact of President Trump’s tariffs and highlighted India’s strategy to engage constructively with the US. Following discussions between Prime Minister Narendra Modi and President Trump in February, the foundation was laid for negotiating the first tranche of the bilateral trade agreement by the fall of this year. The US imposition of sweeping tariffs on several countries, including India, has led to significant trade disruptions and economic uncertainty. India’s cautious yet determined approach to negotiate a bilateral trade agreement reflects its long-term objective to strengthen trade relations with the US.
The tariffs imposed by the US are part of President Trump’s broader strategy to rebalance trade relations globally. While the full impact of these tariffs remains uncertain, India’s decision to pursue a trade deal demonstrates its commitment to economic resilience. As S Jaishankar noted, India is uniquely positioned among nations in having reached such an understanding with the US. This bilateral agreement aligns with India’s broader economic strategy, which includes negotiating trade deals with the UK and Europe. India aims to finalize an FTA with Europe this year, marking a significant expansion of its trade footprint.
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