India Navigates US Tariff Negotiations Amid BRICS Trade Tensions
India appears poised to avoid the brunt of upcoming US tariff measures, with negotiations progressing favorably ahead of a July 31 deadline for a mini trade deal. This strategic positioning contrasts with Brazil's 50% tariffs and Canada's impending 35% duties effective August 1.
Abhishek Goenka of IFA Global notes the accelerated negotiations could preserve India's trade advantages while BRICS dynamics introduce new complexities. The Fed's murky rate outlook and inflationary pressures add layers to global trade uncertainties.