NEWS DETAILS

Date: 11/03/2025

Withdraw from all negotiations with the US, says GTRI

India should withdraw from all negotiations with the US and prepare to engage with the Trump administration in the same way as countries like China and Canada are doing, said the economic think tank Global Trade Research Initiative (GTRI). A comprehensive trade deal would open the door to US demands not just on tariff reductions, but also on government procurement, agricultural subsidies, patent laws and unrestricted data flows, all of which India has consistently opposed. It suggested India consider a macro-level reciprocal tariff arrangement covering over 90% of industrial goods under a Zero-for-Zero approach, where India eliminates tariffs only if the US does the same. In terms of overall trade, the weighted tariff rates for US goods entering India are only 4.9% higher than what the US applies to Indian products, as per a report.
 
Source: Exim News Service: New Delhi, March 10