What India-US trade could look like after Trump takes office
3 months, 1 week ago

What India-US trade could look like after Trump takes office

Live Mint  

By Manoj Kumar NEW DELHI, Dec 19 - India is preparing for possible trade talks with the United States, aiming for increased investments from U.S. companies and higher exports once President-elect Donald Trump takes office. Here are key commercial issues between the two countries: TRUMP POLICY ON CHINA India seeks to leverage Trump's policy by capitalising on U.S. trade tension with China, aiming to draw away from it investments and businesses diversifying supply chains. BROADER TRADE-CUM-INVESTMENT PACT The government and industry groups favour a broader trade and investment pact with the United States to help Indian manufacturers integrate into global supply chains while retaining policy flexibility to safeguard national interests. TWO-WAY TRADE Two-way trade between India and the United States, India’s largest trading partner, surpassed $118 billion in 2023/24, with India posting a trade surplus of $32 billion.

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History of this topic

DC Edit | India must recalibrate its ties with transactional US
20 hours, 41 minutes ago

DC Edit | India must recalibrate its ties with transactional US

Deccan Chronicle  

Former US secretary of state Henry Kissinger, widely regarded as a diplomatic guru who reshaped the global order by fostering US-China relations, is said to have made two observations about his country: “America has no permanent friends or enemies, only interests”, and, “It may be dangerous to be America’s enemy, but to be America’s friend is fatal”. The US called …

On Trump tariffs, P Chidambaram suggestion to India: Reactive policy, evolve common approach
1 day, 6 hours ago

On Trump tariffs, P Chidambaram suggestion to India: Reactive policy, evolve common approach

Live Mint  

Congress leader and former Finance Minister P Chidambaram said India can't be in uncertainty as US President Donald Trump's tariff threat looms. 'I am afraid' Chidambaram said he's "afraid" that Trump is not going to group all the countries together and impose universal tariffs. 'Evolve common approach' Chidambaram said India should put its interest first, but many countries are finding …

Abhijit Bhattacharyya | After US, UK, EU; it’s time for India FTA with Russia
1 day, 19 hours ago

Abhijit Bhattacharyya | After US, UK, EU; it’s time for India FTA with Russia

Deccan Chronicle  

It is a truism in economics that anyone -- whether it be an individual or a country -- must not “put all eggs in one basket”. While negotiations are in various stages for India’s FTA with the US, UK and Europe, it may be time to break new ground. Hasn’t Russia been one of India’s steadiest friends and partners for …

Trump's 25% auto tariffs: Will it impact the Indian industry?
Top News
2 days, 5 hours ago

Trump's 25% auto tariffs: Will it impact the Indian industry?

Firstpost  

While India’s direct automobile export to the US is meagre compared to countries like Japan, Mexico and Canada, the secondary effects of Trump’s tariffs are expected to impact the Indian industry US President Donald Trump has once again made a tariff-related announcement, this time on automobiles, driving strong reactions from the industry. The president on Thursday said that the US …

US tariff reprieve for India, may not be treated like China, Canada, Mexico: Sources
Top News
2 days, 13 hours ago

US tariff reprieve for India, may not be treated like China, Canada, Mexico: Sources

India Today  

India may receive a reprieve from the proposed US tariffs and may not be grouped with countries like China, Mexico, and Canada, according to government sources. India’s potential exclusion from the same tariff treatment as China, Mexico, and Canada signals a recognition of its distinct trade relationship with the US. A day ago, it was reported that the government is …

India, U.S. holding very active and intense discussions on trade: Jaishankar
2 days, 14 hours ago

India, U.S. holding very active and intense discussions on trade: Jaishankar

The Hindu  

India and the U.S. are holding “very active” and “intense” discussions on trade, External Affairs Minister S. Jaishankar said on Wednesday, as the world waits with anxiety over U.S. President Donald Trump’s reciprocal tariff that will kick in on April 2. These agreements are “very serious” and they are quite advanced, he said, adding, “We’d like to wait and see …

Indias exports are bound to grow despite global uncertainties: DGFT
3 days, 3 hours ago

Indias exports are bound to grow despite global uncertainties: DGFT

Live Mint  

New Delhi, Mar 26 India's exports are bound to grow in the coming years despite uncertainties over global trade and tariff, a senior government official said on Wednesday. Despite the "uncertainties relating to trade and tariff, our exports are bound to grow in future years," he said at the Sourcex India 2025 show. Sarangi said that in the current year, …

How India should respond to Trump’s reciprocal tariff threat
3 days, 3 hours ago

How India should respond to Trump’s reciprocal tariff threat

Firstpost  

India has to take some initiative in market-opening measures to maintain its long-standing relationship with the US. Despite the US being India’s major trading partner and increasing strategic convergences, India and the US have repeatedly failed to secure a comprehensive trade agreement. If Trump imposes reciprocal tariffs, India could face steep barriers to its exports and lose its competitiveness in …

India’s confidence in gaining from Trump’s trade distortions is misplaced
3 days, 4 hours ago

India’s confidence in gaining from Trump’s trade distortions is misplaced

Live Mint  

India’s policymakers should be drawing up strategies to deal with the new age of trade barriers. Perhaps the Indian government takes comfort from the promise Trump made during Prime Minister Narendra Modi’s recent visit to Washington that a new trade deal between the two countries would be signed by autumn. It is, of course, possible that the White House wants …

Trump Tariffs: Electronics, Gems & Jewellery most exposed, auto sector relatively insulated
3 days, 5 hours ago

Trump Tariffs: Electronics, Gems & Jewellery most exposed, auto sector relatively insulated

Live Mint  

With the possibility of broad reciprocal tariffs from the US gaining traction ahead of April 2, 2025, India’s export landscape faces significant uncertainty. Higher tariffs could disrupt Apple’s efforts to shift production from China to India, making the US tariffs counterproductive, according to the Emkay Global report. However, China’s 40% tariffs imposed by the US could help India remain competitive …

India, US trade talks may go beyond tariffs
3 days, 10 hours ago

India, US trade talks may go beyond tariffs

Hindustan Times  

The US is pushing for India to reduce high tariff barriers for all American goods in one comprehensive move rather than adopting a piecemeal approach, according to people familiar with the negotiations ahead of crucial talks this week. The US team led by assistant trade representative Brendan Lynch and the Indian team led by commerce ministry’s additional secretary Rajesh Agarwal …

With Trump Tariffs On Horizon, India-US Trade Agreement Talks To Begin Tomorrow
3 days, 22 hours ago

With Trump Tariffs On Horizon, India-US Trade Agreement Talks To Begin Tomorrow

ABP News  

Senior officials of India and the US will begin three-day talks on the proposed bilateral trade agrement here on Wednesday amid threats of reciprocal tariffs from the Trump-administration, an official said. While the US has demanded greater market access in sectors like certain industrial goods, auto, wines and agriculture, India may look at duty cuts for labour intensive sectors like …

India to cut levies on more than half of US imports as Trump's reciprocal tariffs deadline nears: Report
Top News
4 days ago

India to cut levies on more than half of US imports as Trump's reciprocal tariffs deadline nears: Report

Firstpost  

Under a new trade deal between India and the US, New Delhi is open to reducing tariffs on 55 per cent of US goods it imports that are now subject to tariffs ranging from 5 per cent to 30 per cent U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference …

India Considers Lowering Taxes On US Imports, As It Tries To Manage Impact Of Reciprocal Tariffs: Report
Trending News
4 days, 3 hours ago

India Considers Lowering Taxes On US Imports, As It Tries To Manage Impact Of Reciprocal Tariffs: Report

ABP News  

India is considering reducing tariffs on more than half of US imports, valued at $23 billion, as part of the first phase of a proposed trade deal aimed at countering the impact of upcoming US reciprocal tariffs, Reuters reported citing two official sources. According to an internal assessment by New Delhi, the new US tariffs, set to take effect on …

Assistant US trade rep to arrive today for talks on tariffs
4 days, 13 hours ago

Assistant US trade rep to arrive today for talks on tariffs

Hindustan Times  

A US team led by assistant trade representative Brendan Lynch will arrive in New Delhi on Tuesday for trade discussions with Indian counterparts a little more than a week before President Donald Trump’s April 2 deadline for imposing reciprocal tariffs. Trump’s threat of imposing reciprocal tariffs from April 2 have given rise to fears of an escalating trade war around …

India open to tariff cuts on US imports worth $23 billion: Report
4 days, 13 hours ago

India open to tariff cuts on US imports worth $23 billion: Report

India Today  

The government is open to cutting tariffs on more than half of US imports worth $23 billion as part of a trade deal being negotiated between the two countries, news agency Reuters reported, citing two government sources. According to an internal analysis by India, the new US tariffs could impact 87% of Indian exports to the US, which are worth …

India to seek exemption from Trump’s reciprocal tariffs in trade talks with US
5 days ago

India to seek exemption from Trump’s reciprocal tariffs in trade talks with US

Firstpost  

Brendan Lynch, the assistant US trade representative for South and Central Asia will pay a five-day visit to India beginning Tuesday to discuss issues relating to trade and tariff between the two countries. The Indian government plans to request an exemption from President Donald Trump’s reciprocal tariffs during talks with US officials arriving in the country on Tuesday to discuss …

India’s trade momentum remains strong despite global challenges: Unctad
5 days, 20 hours ago

India’s trade momentum remains strong despite global challenges: Unctad

Live Mint  

New Delhi: India’s trade performance remained strong in 2024, defying global economic uncertainties, with exports growing 6.3% for the calendar year, significantly outpacing global trade growth of 3.7%, according to the latest report by the United Nations Conference on Trade and Development. India’s total exports of goods and services reached a record $817.4 billion in calendar year 2024, up from …

Transactional dimension will define India-US ties
5 days, 23 hours ago

Transactional dimension will define India-US ties

Hindustan Times  

Lutnick and Navarro are not India people; they see trade and business through the prism of a broad-based economic value proposition to Make America Great Again. Further, what is clear is that Trump would like to see speedy progress on changes made to India’s Civil Liability for Nuclear Damage Act, paving the way for American firms to sell small modular …

India to contribute 6% of global trade growth in next five years as China and US lead: DHL report
6 days, 4 hours ago

India to contribute 6% of global trade growth in next five years as China and US lead: DHL report

Live Mint  

India is expected to drive global trade growth, contributing 6 per cent in the upcoming five years, according to a joint report from New York University Stern School of Business and DHL named “DHL Trade Atlas 2025.” According to the research report, India's contribution to global trade growth is expected to follow China's footsteps at 12 per cent and that …

India on track to become 'Viksit Bharat' by 2047, says Kumar Mangalam Birla
1 week ago

India on track to become 'Viksit Bharat' by 2047, says Kumar Mangalam Birla

India Today  

Aditya Birla Group Chairman Kumar Mangalam Birla on Saturday expressed confidence in India's trajectory toward achieving Prime Minister Narendra Modi's 'Viksit Bharat' vision by 2047, while also addressing concerns about potential US tariffs under President Donald Trump. He further elaborated on the group's strategic positioning: "We don't have a situation where we have production facilities in the US which need …

Trump has U.S. Indo-Pacific allies guessing on trade and security
1 week ago

Trump has U.S. Indo-Pacific allies guessing on trade and security

NPR  

Trump has U.S. Indo-Pacific allies guessing on trade and security toggle caption Handout by South Korean Defense Ministry/Getty Images As he did with NATO members in Europe, President Trump is undermining trust with key allies on the other side of the globe. "There is a profound sense of anxiety and I think a sense of urgency countries like Japan, Australia, …

Looming US tariffs could be bad news for India’s Big Five
1 week, 1 day ago

Looming US tariffs could be bad news for India’s Big Five

Live Mint  

There’s less than a fortnight to go before US President Donald Trump ’s 2 April deadline for imposing reciprocal taxes on imports. But throw in the flurry of news last month around the Prime Minister’s visit to the White House about how India might allow imports of Tesla’s cars at a much lower duty than the 110% it charges currently, …

Government says negotiations with US underway for trade-deal framework
1 week, 1 day ago

Government says negotiations with US underway for trade-deal framework

India Today  

With just 11 days left for US President Donald Trump's tit-for-tat tariff to kick in, India on Friday said its negotiations with Washington are underway to build a framework for a bilateral trade pact that would address issues relating to levies and market access. India remains engaged with the US administration at "various levels" to arrive at a mutually-beneficial trade …

'They’re one of the highest...': Trump flags 'the only problem' he has with India
1 week, 1 day ago

'They’re one of the highest...': Trump flags 'the only problem' he has with India

Firstpost  

“I have a very good relationship with India, but the only problem I have with India is they’re one of the highest tariffing nations in the world,” said Trump in an interview to American-based website President Donald Trump shakes hands with India's Prime Minister Narendra Modi in the Oval Office of the White House on February 13. File image/AP US …

I believe India will cut tariffs substantially on U.S. goods, says Trump
Trending News
1 week, 1 day ago

I believe India will cut tariffs substantially on U.S. goods, says Trump

The Hindu  

U.S. President Donald Trump has said that he believes India will lower its tariffs on American goods, even as he reiterated his threat to impose reciprocal tariffs on the country starting April 2. Asked about his summit with Prime Minister Narendra Modi last month, Mr. Trump said he has a “very good relationship” with India. probably going to be lowering …

Donald Trump expects India to cut tariffs on US products, but ‘will charge them same tariffs from April 2’
1 week, 2 days ago

Donald Trump expects India to cut tariffs on US products, but ‘will charge them same tariffs from April 2’

Hindustan Times  

US President Donald Trump, in an interview with Breitbart News on Wednesday, said he believes India would reduce tariffs on American goods, news agency Reuters reported. During Prime Minister Narendra Modi's visit to Washington last month, India and the U.S. pledged to more than double their bilateral trade to USD 500 billion by 2030. India, US commit to doubling two-way …

Raisina Dialogue: S Jaishankar expresses concern over weaponisation of trade
1 week, 3 days ago

Raisina Dialogue: S Jaishankar expresses concern over weaponisation of trade

Hindustan Times  

The weaponisation of tariffs and export controls is forcing India to find trade partners who are more trustworthy, reliable and transparent, external affairs minister S Jaishankar said on Wednesday. Speaking at the Raisina Dialogue, India’s flagship conference on geopolitics, the EAM made no direct reference to US President Donald Trump’s threat to use tariffs against a range of partners and …

​High base effect: On a shrinking trade deficit, rising exports
Trending News
1 week, 3 days ago

​High base effect: On a shrinking trade deficit, rising exports

The Hindu  

India’s goods trade in February saw its steepest decline in nearly two years. While a shrinking trade deficit driven by rising exports would have been a positive development, the simultaneous decline in exports and imports is a cause for concern. The looming threat of reciprocal tariffs has unsettled Indian exporters, as the U.S. is India’s second-largest trading partner, accounting for …

Explained: How India can shield itself from Donald Trump's tariff storm
1 week, 4 days ago

Explained: How India can shield itself from Donald Trump's tariff storm

India Today  

A second term for Donald Trump as US President was always expected to shake up the global order, but few anticipated the trade war drums would start beating this soon. "Given that President Donald Trump has been using higher reciprocal policy as an instrument of state policy, shielding India from incessant trade wars in this increasingly VUCA world is uneasy," …

India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research
Trending News
1 week, 4 days ago

India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research

Live Mint  

New Delhi: India’s exports to the US could decline by 3-3.5% if Washington implements reciprocal tariffs next month, but this may be offset by ambitious targets in manufacturing and services, along with efforts to diversify exports, SBI Research said in a report on Monday. New Delhi also must boost value addition, tap new markets, and establish alternative trade routes from …

Trump’s tariff threat’s impact on India’s agriculture trade
Trending News
1 week, 5 days ago

Trump’s tariff threat’s impact on India’s agriculture trade

Hindustan Times  

The recent proposal by United States President Donald Trump to impose reciprocal tariffs is aimed at addressing the increasing US trade deficit and aligns with the broader America First policy. India imposes significantly higher tariffs than the US, particularly in agriculture where it imposes a simple average tariff of 39% and a trade-weighted tariff of 65%, compared to the US’s …

India to gain in an uncertain world of tariffs, says SBI report
1 week, 5 days ago

India to gain in an uncertain world of tariffs, says SBI report

The Hindu  

As tariff action by U.S. President Donald Trump looms large, the State Bank of India in a special report said that India however would stand to gain in an increasingly uncertain world of tariffs. Long trends indicate a possible downturn in U.S. economy GDP growth along with a slowdown in U.S. exports and consumption,” SBI said in the report. “We …

SBI report pegs India as a gainer in an increasingly uncertain world of tariffs
1 week, 5 days ago

SBI report pegs India as a gainer in an increasingly uncertain world of tariffs

Hindustan Times  

New Delhi March 17 : US President Donald Trump's plan to impose reciprocal tariffs may only lead to a 3-3.5 per cent decline in Indian exports, and the effect will be negated by higher exports, according to SBI Research released on Monday. India's focus on FTAs, digital trade, and export expansion may help it navigate uncertainties and emerge stronger in …

Will Trump's reciprocal tariffs hit India hard? Here's all you need to know
1 week, 5 days ago

Will Trump's reciprocal tariffs hit India hard? Here's all you need to know

India Today  

The US is set to impose reciprocal tariffs from April 2, which means some Indian exports are set to face higher import duties. According to the report, US tariffs mayonly lead to a 3-3.5% decline in exports, and India’s growing exports in manufacturing and services will negate the impact of reciprocal tariffs. SBI Research pointed out that India has diversified …

Why Trump’s trade war with China is bad news for Indian chemical exporters
1 week, 6 days ago

Why Trump’s trade war with China is bad news for Indian chemical exporters

Live Mint  

Repercussions of US President Donald Trump’s tariffs on China will likely be felt not just in several domestic sectors but also in key export destinations for Indian companies as Chinese firms turn to less-taxing geographies. This is because the US tariffs could force Chinese chemicals companies to flood other markets with cheaper products, depressing global prices and causing stiff competition …

Trump, trade and tariffs | A time for something grand and big
1 week, 6 days ago

Trump, trade and tariffs | A time for something grand and big

India Today  

Donald Trump has been in office for just over a month, but has already sent shock waves across the realms of geopolitics and world trade. At the India Today Conclave, Lutnick participated live from Washington D.C. and took questions on a range of issues ranging from reciprocal tariffs, America’s bilateral relations with India and China, arms supply to India, the …

Trade, tariff, traffic & Trump | Choppy trade waters
1 week, 6 days ago

Trade, tariff, traffic & Trump | Choppy trade waters

India Today  

With the sword of reciprocal tariffs hanging over its head, India lost no time in trying to seal a trade deal with the United States that aims to increase bilateral trade from $200 billion at present to $500 billion by the turn of the decade. But neither that deal nor India’s decision to lower tariffs on some US imports like …

How Trump’s tariffs can be opportunity in crisis for India
Trending News
2 weeks ago

How Trump’s tariffs can be opportunity in crisis for India

Firstpost  

While Trump’s tariffs aren’t designed to help India, they may inadvertently provide the external catalyst needed for India’s economic transformation. India’s Historical Inward Focus India has a robust domestic market, which accounts for approximately 60 per cent of its GDP. The result was a 10-18 per cent cost disability in assembly and manufacturing compared to Southeast Asian rivals, leaving India’s …

How Trump’s tariffs can be opportunity in crisis for India
2 weeks ago

How Trump’s tariffs can be opportunity in crisis for India

Firstpost  

While Trump’s tariffs aren’t designed to help India, they may inadvertently provide the external catalyst needed for India’s economic transformation. India’s Historical Inward Focus India has a robust domestic market, which accounts for approximately 60 per cent of its GDP. The result was a 10-18 per cent cost disability in assembly and manufacturing compared to Southeast Asian rivals, leaving India’s …

S. Umamaheshwar | Aspirational India should be ‘Apurva Bharat’ for global dominance
2 weeks ago

S. Umamaheshwar | Aspirational India should be ‘Apurva Bharat’ for global dominance

Deccan Chronicle  

On January 20, a Chinese technology start-up released the country’s first generative AI-powered chatbot, DeepSeek, which took the world by storm. An increasingly inward-focused US presents India with a difficult dilemma: Should it raise trade barriers to support domestic industries, or should it further open its economy to enhance the global competitiveness of Indian companies? Throughout recorded history, until it …

What are the implications of Trump’s threat to ‘mirror’ India’s tariffs? | In Focus podcast
2 weeks, 1 day ago

What are the implications of Trump’s threat to ‘mirror’ India’s tariffs? | In Focus podcast

The Hindu  

The United States is India’s biggest trading partner. In 2023, the U.S.-India bilateral trade in goods and services stood at $190.08 billion -- $123.89 billion in goods and $66.19 billion in services trade. American exports into India also face a higher rate of tariffs than India’s exports to the US. Now President Donald Trump has said that the US will …

Trump’s tariff war: Who’s fighting back, who’s not? What about India?
2 weeks, 2 days ago

Trump’s tariff war: Who’s fighting back, who’s not? What about India?

Firstpost  

US President Donald Trump has imposed sweeping tariffs, including a 25 per cent levy on steel and aluminium imports and a 25 per cent tariff on goods from Mexico and Canada, with limited exemptions. Trump’s tariffs on Canada and Mexico On March 4, the Trump administration imposed a 25 per cent import tariff on goods from Canada and Mexico, with …

US Flags High Tariff By India On American Alcohol, Agricultural Goods: 'Not Helping...'
Trending News
2 weeks, 3 days ago

US Flags High Tariff By India On American Alcohol, Agricultural Goods: 'Not Helping...'

ABP News  

The White House once again highlighted the high tariffs imposed by India on several American products, including alcohol and agricultural goods. The reference to the high tariff imposed by India was made by White House Press Secretary Karoline Leavitt during a briefing on Tuesday while responding to a question on Canada. India 'Very High Tariff Nation': Trump Earlier, Trump had …

India, US working on removing trade barriers: MoS
Trending News
2 weeks, 3 days ago

India, US working on removing trade barriers: MoS

Hindustan Times  

India and the US will focus on increasing market access for each other, reducing tariff and non-tariff barriers, and enhancing supply chain integration, minister of state for commerce Jitin Prasada told the Lok Sabha on Tuesday after an Indian ministerial delegation concluded the week-long America visit, as the two sides work on a Bilateral Trade Agreement which they hope to …

India, US eye trade deal to boost market access, cut barriers: Govt tells Lok Sabha
2 weeks, 4 days ago

India, US eye trade deal to boost market access, cut barriers: Govt tells Lok Sabha

Live Mint  

New Delhi: India and the US plan to negotiate a mutually beneficial multi-sector Bilateral Trade Agreement aimed at increasing market access, reducing tariff and non-tariff barriers, and enhancing supply chain integration, minister of state for commerce Jitin Prasada told the Lok Sabha on Tuesday. Amid the ongoing tariff war with the US, India is closely watching potential disruptions to its …

On US reciprocal tariffs on India, Centre's updates in Parliament
2 weeks, 4 days ago

On US reciprocal tariffs on India, Centre's updates in Parliament

Hindustan Times  

The Centre on Tuesday informed Parliament that as of date, the United States has not imposed reciprocal tariffs on India. The clarification comes days after US President Donald Trump criticised the high tariffs charged by India and other countries, terming them as “very unfair” and announced reciprocal tariffs from April 2 on nations that impose levies on American goods. In …

India & US negotiating mutually beneficial trade agreement, govt tells parliament
2 weeks, 4 days ago

India & US negotiating mutually beneficial trade agreement, govt tells parliament

Firstpost  

As US President Donald Trump is pursuing a tariff war, India and the United States are negotiating a mutually beneficial trade agreement, according to the Narendra Modi government Prime Minister Narendra Modi and US President Donald Trump at the White House. In a written response to a question, Union Minister of State for Commerce and Industry Jitin Prasada told the …

‘No commitments’: India clarifies after Donald Trump’s tariff cut claim
2 weeks, 4 days ago

‘No commitments’: India clarifies after Donald Trump’s tariff cut claim

Hindustan Times  

The Centre has denied committing to reducing import duties on US products, following President Donald Trump's claim that New Delhi had agreed to lower tariffs, The Times of India reported Donald Trump claims India has agreed to cut tariffs significantly. It also mentioned that commerce secretary Sunil Barthwal, while appearing before the Parliamentary standing committee on external affairs, reportedly said …

India-US Trade Deal Expected To Finalise By Fall 2025, Says Morgan Stanley
2 weeks, 4 days ago

India-US Trade Deal Expected To Finalise By Fall 2025, Says Morgan Stanley

ABP News  

A trade deal between India and the US would likely take some time but will materialise by the fall 2025, according to a Morgan Stanley report released on Tuesday. According to the report, while India can eventually reach a trade deal with the US, it would be relatively more challenging given the multiple bilateral trade issues. The report underscored that …

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