Delhi deploys Down Under playbook to dodge looming Trump tariffs

In a strategic move to mitigate the impact of anticipated tariffs from the Trump administration, New Delhi is adopting an approach akin to Australia's successful negotiation tactics. By finalizing trade agreements with the United States and the European Union in incremental tranches, India hopes to accelerate the process and sidestep the looming high tariffs that could significantly impact its economy. This phased strategy allows India to quickly implement mutually beneficial segments of trade deals while continuing to negotiate more complex issues. Such an approach not only expedites trade relations but also provides a buffer against economic disruptions. By securing early wins, New Delhi aims to strengthen its bargaining position and foster goodwill with its Western partners. Experts suggest that this method could serve as a pragmatic blueprint for other nations facing similar tariff threats. By prioritizing actionable elements of trade agreements, India is positioning itself as a savvy negotiator on the global stage, potentially setting a precedent for future trade discussions. As negotiations progress, the outcomes will likely shape India's economic landscape and its role in international trade.

— Authored by Next24 Live