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Trade overtures
Business Standard
|September 12, 2025
India should support affected exporters
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In a world where the biggest power has abandoned the well-accepted playbook, projecting future outcomes, even directionally, has become extremely difficult. The present state of United States-India relations would have been unimaginable at any point in recent decades. Similarly, it is difficult to predict where things will be two quarters from now. America has imposed a prohibitive tariff of 50 per cent on imports from India, which will likely have a significant impact on the Indian economy, and the broader implications can go much beyond trade relations. However, recent statements by United States (US) President Donald Trump suggest that all may not be lost. In a statement this week, for instance, Mr Trump announced that India and the US were continuing negotiations and that he was looking forward to speaking with Prime Minister Narendra Modi in the coming weeks.
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