Latest news with #AnushkaShah

Business Standard

Racing against the clock: Why US, India can't miss window for a trade deal

The negotiation is unfolding in real time. The US is using tariffs as leverage; India, for its part, is signalling unusual flexibility Anushka Shah Listen to This Article Time is running out for Washington and New Delhi. On July 9, a 90-day pause on new American tariffs will expire, ending a brief truce meant to enable a limited trade deal. In April, President Donald Trump announced two steep tariffs: A 10 per cent universal tariff on all imports and a 16 per cent reciprocal tariff targeting Indian goods. While the United States temporarily suspended the latter to allow negotiations, that window is quickly closing. The negotiation is unfolding in real time. The US is using tariffs as leverage; India, for its part, is signalling unusual flexibility. More than