Asim Munir's Shadow, Agricultural Battle, And Steel Standoff: 8 Reasons Why India Is Turning Cold On Trump's Trade Deal And Recalibrating China Ties
India is becoming less excited about making a quick trade deal with the US. The main problems are disagreements over farm products and taxes on steel and cars. India doesn't want to lower these taxes easily. Also, India is worried because Pakistan's army chief, Asim Munir, recently met US leaders, which makes security concerns bigger. At the same time, India is carefully changing how it deals with China, trying to keep good trade while staying safe. Because of these economic and security issues, India is now taking its time and being careful before agreeing to any big trade deal with the US. https://zeenews.india.com/photos/business/asim-munir-s-shadow-agricultural-battle-and-steel-standoff-8-reasons-why-india-is-turning-cold-on-trump-s-trade-deal-and-recalibrating-china-ties-2935414 Updated:Jul 22, 2025, 08:23 PM IST August 1 Deadline Makes a Deal Unlikely
1 / 8
The US set a deadline to finalize the deal or start new tariffs, but with little compromise from both sides, meeting this deadline seems impossible. Stuck on Tariffs and Trade Taxes
2 / 8
The main problem is that the US wants India to reduce taxes on farm and dairy products, but India refuses to do so to protect its farmers. India Wants US to Remove Tariffs on Steel and Cars
3 / 8
The US set a deadline to finalize the deal or start new tariffs, but with little compromise from both sides, meeting this deadline seems impossible. India Wants to Keep the Right to Retaliate
4 / 8
India insists on keeping the option to add new tariffs on US goods in the future, which worries the US negotiators. Ongoing Talks, But No Serious Progress
5 / 8
Multiple rounds of talks have happened, but neither country has made big compromises, causing a stalemate. Hope for a Bigger Deal Later This Year
6 / 8
Both India and the US still hope to reach a more complete trade agreement by September or October. Possible Impact of New Tariffs Soon
7 / 8
If no deal is reached, the US may impose new taxes on Indian goods, making trade between the two countries more difficult for a while. Asim Munir's Influence on India-US Trade Climate
8 / 8
While not directly related to trade, Pakistan's military chief Asim Munir's hardened stance and regional tensions make India cautious in international deals, indirectly affecting the trade atmosphere.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
8 minutes ago
- Hans India
Felt like dream: Children who performed for PM Modi in Maldives share unforgettable moment
Male: Prime Minister Narendra Modi received a heartwarming welcome from children of the Indian diaspora in the Maldives, who performed a traditional classical dance upon his arrival at the Kurumba Village Resort on Friday. The performance was part of a vibrant cultural reception during PM Modi's two-day state visit to the island nation. The children, dressed in traditional attire, had prepared for weeks to greet the Prime Minister through dance, showcasing India's cultural heritage and the emotional bond shared by the diaspora with their homeland. One of the young performers described the experience as surreal: 'It felt like a dream. After our performance, he asked the security to remove the barricade and came close to us, applauding each one of us. It was such a special moment, once in a lifetime,' she said, beaming with pride. Another student shared, 'We had practised so hard for this day. I never thought I'd get to see the Prime Minister this close, let alone perform for him. He smiled and waved at us, I'll never forget it.' Parents of the children, who were also present, were deeply moved by the interaction. A member of the Indian diaspora said, 'The feeling can't be expressed. I feel so blessed and privileged that I got the opportunity to meet him. He even played with my child. His aura is so powerful and kind; he truly loves children.' Another woman said, 'We had sleepless nights preparing for this day. His energy and presence are so inspiring. It felt like a dream come true for all of us.' PM Modi arrived at Velana International Airport earlier in the day and was received by Maldivian President Dr Mohamed Muizzu with ceremonial honours, traditional music, and chants of 'Vande Mataram'. The Prime Minister is in the Maldives as the Guest of Honour at the country's 60th Independence Day celebrations, marking his third visit to the island nation and the first by any head of state or government during President Muizzu's tenure. His visit reflects India's deepening cultural and strategic ties with the Maldives under the 'Neighbourhood First' policy.
The Hindu
8 minutes ago
- The Hindu
Australia-India Youth Dialogue announces delegates for 2025
Australia-India Youth Dialogue (AIYD), the well-established dialogue featuring selected young achievers from the two countries has announced its delegates for 2025. For more than a decade, Australia-India Youth Dialogue has been gathering 30 young achievers from the two countries for an annual dialogue. This year's dialogue will take place in Mumbai and Delhi between September 15 and 18, 2025. 'This year's Dialogue will explore the Future of Leadership. Delegates will learn from speakers and engage in a range of discussions as they consider what kind of leadership we need in politics, the knowledge economy, sport, business and entrepreneurship, arts and culture for a stronger Australia-India relationship,' said the Australia India Youth Dialogue in a press note released on this occasion. The announced list includes 28 names and the press note said that two names — one each from Australia and India — will be announced soon. Among this year's Australian delegates are Bharat Sundaresan, cricket commentator and writer, Clare Murphy Business Development Adviser, International City of Melbourne, Nhat Nguyen, Mission Manager, Space Machines Company, Shuba Krishnan, journalist and commentator and Vanessa Brettell, 2025 Australian of the Year Local Hero. The Indian side includes Alicia Souza, illustrator, Ambi Subramaniam, musician, Deepthi Bopaiah, CEO GoSports Foundation, Paras Parekh, Advisor, Ministry of Ports, Shipping, and Waterways and Shruti Chandra, Head of Government Relations & Public Policy among others. Australia and India upgraded bilateral relationship to Comprehensive Bilateral Relationship in 2020 to covering a wide spectrum of dialogue and interactions to enhance understanding between the two sides. Over the years, the focus areas of the relationship has also included young achievers in different domains who have displayed potential to contribute to the bilateral relationship. Over the past several decades, India's relation with Australia has expanded to include both state-level and inter-society dialogue. 'Whether it's climate, digital disruption, social cohesion or shifting geopolitical dynamics, AIYD is a space where young leaders exchange ideas and form partnerships that last well beyond the Dialogue itself. Building on last year's discussions, this year's theme — The Future of Leadership — continues our exploration of how leadership must evolve in response to the challenges of the coming decade,' said Michelle Jasper, AIYD co-chair.
&w=3840&q=100)
Business Standard
8 minutes ago
- Business Standard
'UK trade pact will help us, India must sign more', says RBI Guv Malhotra
Reserve Bank of India Governor Sanjay Malhotra on Friday welcomed the newly signed Free Trade Agreement (FTA) between India and the United Kingdom (UK), emphasising that it will benefit many sectors of the Indian economy. Speaking at the FE Modern BFSI Summit, Malhotra said that global cooperation through multilateral agreements has slowed down, making such bilateral trade deals more important than ever. 'Hopefully it [FTA with UK] should help us... that is the way going forward now, because unfortunately multilateralism seems to have taken a back seat,' he said, as quoted by news agency PTI. Malhotra said India should pursue similar trade agreements with other countries. He added that negotiations with the United States are already in 'advanced stages'. 'It should help various sectors in our manufacturing as well as on the services side,' he said, referring to the UK deal. Malhotra further mentioned that several other trade pacts are currently under negotiation. He also expressed support for US Federal Reserve Chairman Jerome Powell, who is facing criticism from President Donald Trump. 'He [Powell] is doing a very good job. Maintaining independence of the central bank is very important. I think he has done a commendable job,' Malhotra said. India-UK free trade agreement India and the UK on Thursday signed the FTA, officially called the Comprehensive Economic and Trade Agreement (CETA), during Prime Minister Narendra Modi's two-day visit to London. Approved by the Union Cabinet earlier this week, the agreement is expected to increase bilateral trade by $34 billion annually. Under the trade agreement, Indian farmers and exporters will get duty-free access to the UK market for a range of agricultural products such as fruits, vegetables, cereals, spices (like turmeric, pepper, and cardamom), and processed foods including mango pulp, pickles, and ready-to-eat items. The government expects agricultural exports to grow by more than 20 per cent in the next three years, helping India meet its target of $100 billion in agri-exports by 2030. Marine products from India will also enjoy zero tariffs in the UK, which could lead to better earnings for Indian fishermen due to higher procurement prices. The chemical industry is likely to see a significant jump in exports to the UK — by 30-40 per cent — reaching $650-750 million in 2025-26. Tariff cuts to boost UK-India trade India will also gradually reduce import tariffs on several British products. For instance, duties on whisky will drop from 150 per cent to 40 per cent over ten years. British cars will see import taxes fall from over 100 per cent to 10 per cent, under a quota system. Tariffs on gin, cosmetics, and medical devices will also be reduced. In return, the UK will offer zero-duty access to 99 per cent of Indian exports, including textiles, leather goods, gems, jewellery, marine items, toys, and sports equipment. The agreement will also open up opportunities for Indian companies to bid for public projects in the UK in sectors such as healthcare, transport, and energy. [With agency inputs]
