“Its local market is its own prize”: The economist about the reason for not occupying India in the face of Trump’s threat by 25 %

An economist said Donald Trump’s pressure tactics to conclude a desirable business deal for the United States, the opening of the Indian economy will not be easy. She also said that this – Trump says the United States will impose a 25 percent tariff on India starting from August 1 – was expected.

“It is unlikely that India is able to negotiate a much lower deal than Trump’s 25 percent threatened.

“Why is it not surprising that India does not get the deal that is working hard? First, let’s take a look at the European Union and Japan – they were beaten by 15 percent of the tariff and tension on cars (and other cars), but other cars are 15 percent. So 15 percent is the best in India. And you will not get that. Why??

Ngwin said Trump wants to help India with a few business schedules. “Ending that the Ukrainian war is one. India is not interested in that. It is an emerging country that buys where it can be cheaper. Russian oil is cheaper, and therefore it is buying from Russia. Trump wants Russia to start from oil revenues. India does not want to buy the cheapest possible oil,” adding that Russia may be Western Awam, but it is not India.

If India bends Trump’s pressure on Russian oil, New Delhi will have to pay more for oil and on top of that, Trump’s tariff also paid.

The second thing is that Trump wants to boast that he opened the Indian market to the United States. Ngawin said that India opens-as it becomes clear from the India deal and the American Agency-but it does so slowly and slowly. New Delhi opens the sectors that you feel do not need to protect.

She said that India is unlikely to surrender to Trump’s demands and give up the auto sector. She said that it is not worth giving up much of the local market if New Delhi has not exported much to the United States anyway. “It can give a little more than what the UK has given, but the UK deal is a standard stating that local car markets are still protected,” said Ngawin.

Now, when it comes to agriculture – the bone of the dispute – the United States wants to export its main products such as soybeans, corn, etc., but this is also not possible. This has more political connotations than other sectors. The opening of the agricultural sector means a blow to Indian farmers, who represent an important part of the voter base.

However, India can grant the purchase of palm oil from Indonesia and approval of American oil. “But again, there is a reason they buy from Indonesia in the first place. Regardless of this particular issue, it is difficult. India can provide a large investment package or purchase. But I don’t think it is in DNA to do so. Thus, the granular details are the place where we stumble,” she said.

“But India is not Vietnam. It has a huge local market that is permissible on its own. But giving this access to it costs and what Trump asks is to be forced to change in a country that has a traditionally low political appetite. This has risen but there is not enough.

Meanwhile, officials told Today Tood that India will not give up the interests of its farmers and are still committed to protecting the agricultural and dairy sectors. A senior government official said: “The United States cannot expect India to open its agricultural markets and milk under pressure. Our farmers’ interests are very important. Just as we have not concealed in the free trade agreement talks in India, we will not do it here too.”