After a federal court of the United States had made a mutual rate announced by US President Donald Trump, the Global Trade Research Initiative (GTRI) said that India should continue carefully in his current free trade agreement (FTA) negotiations with the US.
A federal court established in Manhattan on 28 May settled Trump’s movement to impose mutual rates on the US trading partners and ruled that he cannot use an emergency force to impose rates abroad; It must come from the congress. The order of the court established that the rates, including those introduced under economic powers, were illegal. Ajay Srivastava, founder of Gtri, analyzed the impact of the ruling of the ruling on trade negotiations and said that India should withstand an agreement formed by threats or based on illegal measures.
Srivastava said that rates from the Trump era violate the rules of the World Trade Organization, as well as the domestic laws of the US as confirmed by the federal court. “With the Trump rates on shaky legal land, India has to pause and reassess the negotiating strategy before committing a free trade agreement that could favor the American interests,” Srivastava said in a statement.
Ani on 23 May reported via government sources that India and the United States are ready to sign the first tranche of the long -awaited bilateral trade agreement (BTA) before July. The India-US Handels Agreement would form an important milestone in economic relations between the two major economies, making new roads for bilateral commercial and investments possible.
In 2024-25, for the fourth consecutive year, the US was the largest trading partner in India, with bilateral trade with a value of $ 131.84 billion. India had a trade surplus of $ 41.18 billion in goods with the US in 2024-25. After the historic ruling of the American federal court, the stock markets worldwide responded positively, with excitement seen in large Asian markets of Japan and Korea. The Japanese Nikkei and Korea’s Kospi rose two percent after the statement.
In response, the Indian stock market Benchmark Sensex on BSE also more than 500 points but quickly lost steam.
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Published on 29 May 2025
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