India gets no favours from Trump
Efforts to strike a trade “mini-deal” are dragging on
INDIA WAS one of the first countries to confirm, at the start of the year, that it would negotiate a big trade deal with Donald Trump. Talks accelerated in April, after America’s president whacked so-called “reciprocal” tariffs on most of the world’s countries (which for the moment are paused until July 9th). For months it has been assumed that India is a front-runner to strike an “interim” deal with America that would remove some bugbears, shield India from some of Mr Trump’s looming tariff hikes and set the table for a bigger agreement later in the year.
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This article appeared in the Asia section of the print edition under the headline “The art of no deal”
From the June 28th 2025 edition
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