An emboldened India holds out for better terms in US trade talks
India is seeking a tariff edge over China and a pledge against new U.S. levies as talks stall, officials said.
- After months of negotiations, India rejected a US trade deal during U.S. Trade Representative Jamieson Greer's visit to New Delhi last month, with Indian Trade Minister Piyush Goyal demanding a tariff advantage over competitors like China and no new US levies after any agreement.
- Prime Minister Narendra Modi's recent state election victories and new trading partnerships have emboldened India's negotiating position, with legal uncertainty over US tariffs providing additional leverage for New Delhi's holdout strategy.
- India's exports surged about 15% year-over-year in April-June, reaching $17.29 billion to the United States, while Goldman Sachs raised its 2026 growth forecast for India to 6.8%, strengthening New Delhi's economic position to resist rushed concessions.
- The Trump administration plans steeper tariffs later this month through industrial capacity probes and has already proposed new levies of up to 12.5% on India over forced labour allegations, with White House spokesman Kush Desai claiming continued 'productive engagement'.
- India is calculating that US tariffs could face legal or political setbacks, with 22 Democratic state attorneys general already objecting to Trump's forced labour tariffs, as trade negotiator Ajay Srivastava noted delaying a deal may prove "more prudent than locking into obligations whose costs could far exceed any temporary tariff relief.
23 Articles
23 Articles
(Jakarta=Yonhap News) Correspondent Son Hyun-kyu = In the final stages of Phase 1 trade negotiations with the United States, India is changing its existing position to secure tariff rates more favorable than those of competitors...
An emboldened India holds out for better terms in US trade talks
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India has refused to rush into a trade agreement with the United States, choosing instead to continue negotiations in pursuit of more favorable terms as ... The post India Holds Firm on U.S. Trade Talks as Government Pushes for Better Deal Amid Stronger Economic Position first appeared on [your]NEWS.
India refuses to fast-track US trade deal, rejects rushing into agreement: Report
India has decided against rushing into an interim trade agreement with the United States, choosing instead to push for more favourable terms as stronger exports, improving economic conditions, and new trade partnerships strengthen its negotiating position
Confident India holds out for better terms in US trade talks despite fresh tariff pressure
After months of talks, the two nations failed to finalise an interim trade agreement during U.S. Trade Representative Jamieson Greer's visit to New Delhi last month, despite expectations from both sides that a limited deal was within reach
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