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Trump's MASALA playbook: India faces tough choices in trade deals
Ajay Srivastava Mumbai
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Over the past few days, India's government and industry watched anxiously as the July 9 deadline for tariff relief from the United States (US) approached. Many expected a last-minute India–US trade deal, but none was announced. Instead, Washington extended the reprieve to July 31 — buying time but increasing pressure on countries to sign deals on US terms.
What the US is offering are not normal trade deals but Masala deals — Mutually Agreed Settlements Achieved through Leveraged Arm-twisting. These one-sided agreements offer tariff relief only if countries agree to guaranteed US exports and politically useful wins for President Donald
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Time of India
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India.com
17 hours ago
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Bad news for India, UAE, Turkey as European Union imposes new sanctions on Russia, Fuel price likely to..., Modi govt now plans to...
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