India’s trade tightrope over Trump’s tariffs
Whereas India has a trade deficit of $85 billion with China from where it imports large volumes of manufactured goods, it has a surplus of $37 billion with the US which is India's largest export market for software services.
Updated At : 07:03 AM Jun 21, 2025 IST
Trade talks: Trump wants India to cut down duties on farm products. Illustration: Sandeep Joshi
THOSE who cannot remember the past are condemned to repeat it," said philosopher George Santayana. The US does not believe in fair trade. It always protects its farmers and manufacturers. India's leaders should keep this in mind in their trade negotiations. It is a story I tell in my new book, Reimagining India's Economy: The Road to a More Equitable Society.
