All Things Policy
India–US Trade in the Trump 2.0 Era
May 12, 2025
In this dialogue, Anupam Manur, an international trade expert and economics professor, shares insights on the evolving India-US trade dynamics during Trump's second term. He discusses the potential for significant trade agreements and emphasizes India's eagerness to reduce tariffs. The conversation also touches on the complexities of trade policies, especially how local agricultural interests balance against liberal agreements. Manur highlights the dual nature of trade, exploring the relationship between national sovereignty and economic growth, and the importance of fair trade.
50:02
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Quick takeaways
- The escalating trade tensions between India and the US, marked by significant tariffs, reflect a complex recalibration of strategic interests during Trump's second term.
- India's protective trade policies, particularly in agriculture, hinder manufacturing growth and job creation, necessitating a shift towards liberalization for broader economic benefits.
Deep dives
Trade Negotiations and Tariff Dynamics
The podcast emphasizes the complexities of US-India trade relations, particularly during Donald Trump's second term. Trade tensions escalated as the Trump administration called India a 'tariff king', evidenced by the imposition of significant tariffs on Indian goods. While India has proposed reductions on about 55% of US imports, the negotiations reflect broader strategic interests on both sides, with both nations aiming to finalize a trade deal amidst the backdrop of intensive negotiations. This evolving situation illustrates the significant economic interdependencies and the need for recalibrated policies to facilitate a more balanced trading relationship.
