The Morning Brief US’ Tariff Blow: What can India Do?
40 snips
Aug 5, 2025 Join Agneshwar Sen, a seasoned trade policy leader at EY India, as he navigates the turbulent waters of US-India trade relations. He discusses the recent 25% tariffs imposed by the US and their implications for future trade agreements. Agneshwar delves into India's reliance on Russian military equipment amidst geopolitical tensions. The conversation probes whether Washington's tariff actions signify policy consistency or deeper mistrust, and how India can strategically respond to safeguard its economic interests.
AI Snips
Chapters
Transcript
Episode notes
Russia Ties Affect US-India Trade
- India's long-standing defense and energy ties with Russia complicate US-India trade relations amid geopolitical tensions.
- India maintains its Russia relationship despite US pressure, signaling limits to US influence on India’s sovereignty.
Political Criteria Threaten Trade Rules
- Linking trade policies to political or judicial actions of other countries risks undermining stable global trade rules.
- Introducing subjective political criteria into tariff decisions threatens globalization and increases trade risks.
US-India Trade Disputes Persist
- US-India trade relations feature persistent tariff and market access disputes alongside strategic cooperation.
- Past US revocation of India's GSP benefits exemplifies the ongoing challenges impeding a free trade agreement.