India urged to stay firm with US in trade deal talks

 

India must stay firm and avoid trading away its core sectors, especially agriculture, despite increasing pressure from the United States under President Donald Trump’s administration, according to a report by Global Trade Research Initiative (GTRI). It warned that entering into a trade agreement under duress could lead to irreversible consequences, particularly when such deals may not survive a change in the US political landscape. GTRI noted that Trump’s aggressive trade threats are losing credibility. Despite over three months of sustained pressure, only two countries, the United Kingdom and Vietnam, have agreed to the US’s one-sided trade terms. Other nations, including Japan, South Korea, the European Union and Australia, have resisted the demands. These demands are part of what GTRI has described as MASALA deals, Mutually Agreed Settlements Achieved through Leveraged Arm-twisting, as per a report.

Please visit our youtube channel https://www.youtube.com/@ikargos2719 for fortnightly logistics news analysis and more!