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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.

Arun Maira

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.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

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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.

Arun Maira

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