The Morning Brief US’ Tariff Blow: What can India Do?
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Aug 5, 2025 Join Agneshwar Sen, a seasoned trade policy leader at EY India, as he navigates the turbulent waters of US-India trade relations. He discusses the recent 25% tariffs imposed by the US and their implications for future trade agreements. Agneshwar delves into India's reliance on Russian military equipment amidst geopolitical tensions. The conversation probes whether Washington's tariff actions signify policy consistency or deeper mistrust, and how India can strategically respond to safeguard its economic interests.
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Complex US-India Trade Dynamics
- US-India trade relations are both promising and puzzling due to large trade volumes and strategic ties yet frequent tariff conflicts.
- Tariffs appear as both punitive measures and geopolitical signals reflecting deeper mistrust.
US Trade Stance Consistent Yet Harsh
- Washington's approach to trade looks erratic but shows consistency similar to its dealings with other nations like Canada.
- Frustration over unmet trade agreement expectations has led to harsher US trade stances against India.
Russia Ties Affect US-India Trade
- India's long-standing defense and energy ties with Russia complicate US-India trade relations amid geopolitical tensions.
- India maintains its Russia relationship despite US pressure, signaling limits to US influence on India’s sovereignty.