Even as the deadline on US tariffs has ended, no trade deal has been inked between India and US. This is even as the US administration has imposed on 8 nations with the highest levy on Brazil of 50 per cent.
This is even as the US President Donald Trump on Tuesday said that the “US is close to making a deal with India.”
What is the positive trigger for India even as India-US deal isn’t signed?
The important and positive point about which the markets may rejoice is that even as the deadline has ended, there is no tariff implication for India. Furthermore, the President has not commented negatively on India.
Zee Business Managing Editor held that India didn’t submit to the demands of the US. So, now the US and India
Negative as the deal isn’t signed
The expert said the US-India trade deal was to be initiated first but a 90-day timeline was not enough to crack the deal. He added that there are some issues that are stuck and there was no consent on tariffs on India.
So, the certainty continues to loom and the expert said had the deal been striked it would be positive for both Indian Inc. and markets.
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