India-US Trade Debate: Michael Kugelman On Trump Sanctions, Ajay Srivastava Flags Tariff Clarity Gap

Описание: A debate on the prospects of an India-US trade deal features Michael Kugelman, Senior Fellow for South Asia at the Atlantic Council, and Dr Ajay Srivastava, Founder of the Global Trade Research Initiative. Kugelman notes that recent US decisions, such as pausing new Russia sanctions measures, create room for both nations to conclude talks, stating, 'I like to think there's a good chance that by the end of the year, there, there will indeed be a deal.' However, Srivastava highlights significant hurdles, notably the lack of tariff clarity following the US Supreme Court decision invalidating reciprocal tariffs and the absence of guarantees against future duties under Section 301. The discussion evaluates whether a finalised agreement would serve as a vital confidence-building measure despite ongoing geopolitical and transactional frictions.

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