India might quickly conclude a bilateral commerce settlement with america, as President Donald Trump ramps up strain on buying and selling companions by issuing formal tariff notices, in keeping with a report by PTI, citing the suppose tank World Commerce Analysis Initiative (GTRI), on Tuesday.
“Trump’s mannequin isn’t a free commerce settlement; it’s a YATRA — Yielding to American Tariff Retaliation Settlement,” GTRI mentioned, highlighting the US President’s aggressive stance on commerce negotiations.
The US has prolonged the deadline for finalising commerce offers from July 9 to August 1, giving nations an extra three weeks earlier than new country-specific tariffs take impact.
This newest commerce push started on April 2, when Trump introduced that roughly 60 nations would face new tariffs until they negotiated agreements aligned with US pursuits. To this point, solely the UK and Vietnam have concluded offers, whereas a brief truce stays in place with China.
“Trump is now intensifying the strain. On July 7, he signed formal notices to 14 nations detailing the tariffs they’ll face from August 1 if agreements will not be reached,” mentioned Ajay Srivastava, founding father of GTRI.
As per the brand new tariff listing, the US has imposed 25% duties on Japan, South Korea, Kazakhstan, Malaysia, and Tunisia; 30% on South Africa and Bosnia and Herzegovina; 32% on Indonesia; 35% on Bangladesh and Serbia; 36% on Cambodia and Thailand; and 40% on Laos and Myanmar.
“These warnings, described by the White Home as ‘ultimate notices,’ current nations with a stark alternative: settle for the US phrases or face considerably larger duties,” Srivastava added.
He cautioned that this tariff escalation may disrupt world commerce patterns, elevate client costs inside the US, and create important challenges for world provide chains.
US imports from China reportedly plunged by 35% in Might 2025 in comparison with the identical interval the earlier yr.
“With time operating out, India is considered as a powerful contender for asserting a commerce deal within the coming days,” Srivastava noticed, whereas urging warning, noting that “New Delhi should tread rigorously.”
Given Washington’s current unilateral commerce measures—together with particular warnings to BRICS nations—GTRI harassed that India should rigorously weigh the long-term strategic penalties of any commerce settlement which may closely favour US pursuits.
