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India’s Trade Leverage Grows Amid Tariff Pressure from US
India’s strong domestic economy cushions exporters, strengthening its hand in U.S. trade talks despite big tariffs.
India’s domestic economy has proven resilient despite steep U.S. tariffs on exports, giving New Delhi greater room to negotiate a trade deal with Washington.
Exports to the U.S. dropped 8.6% in October, narrower than September’s 12% decline, helping ease pressure on Indian negotiators. Officials say India is in no rush to sign, preferring favorable terms over a rushed pact.