India Eyes Interim Trade Deal with US Amid Global Scramble to Avoid Tariffs
As over 75 countries rush to secure trade deals with the United States during its 90-day pause window to avoid reciprocal tariffs, India is strategically positioning itself to bridge the trade gap with Washington by replacing third-country imports, a senior Indian government official has confirmed. Key Points: India’s Strategic Leverage The official noted that while countries like Vietnam may benefit from concessions under separate US deals, India is uniquely positioned due to: “Replacing imports from other countries with US goods is not a difficult proposition. That could be one of the outcomes of the BTA,” the official emphasized. The US has flagged tariffs and trade deficits in its talks with India, while raising subsidies and currency manipulation concerns with other nations. India believes it can narrow the deficit while still securing preferential access to US markets. Goyal: “No Negotiation Under Pressure” Commerce Minister Piyush Goyal firmly stated on Friday: “India will not negotiate with a gun to its head… Our national interest remains paramount.” Goyal’s stance reinforces India’s intention to prioritize substance over speed, despite pressure to meet the 90-day deadline. Positive Outlook from Washington The senior official also highlighted: What’s Next? In the coming weeks:
