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India's US Trade Deal Progress
- India is close to securing a trade deal with the US by fall 2023, boosting confidence in new markets.
- Modi's government has reduced tariffs on key US imports, signaling good faith and strategic negotiation.
India's Preemptive Tariff Cuts
- India initiated a major tariff policy overhaul before the US-China trade war escalated.
- This first significant tariff reduction in decades helped India gain a first-mover advantage.
Win-Win US-India Trade Dynamics
- India and the US see their trade deal as a win-win, with India aiming to boost manufacturing share.
- Trump's interest in India counters China's dominance, highlighting geopolitical trade dynamics.