In the deepening shadow of US-China rivalry, India’s back-to-back trade pacts with the United States and the European Union mark a major tilt towards stronger economic ties with the West.
While critical details – especially the scope of any reduction in Russian energy imports under the vague US agreement – remain unclear, experts predict the twin deals will give India leverage in its relationship with China and may slow the fragile thaw between New Delhi and Beijing.
Meanwhile, New Delhi is expected to expand its influence among the Brics countries by leveraging its chairmanship this year of the bloc, which Beijing views as a key voice for the Global South to counter US pressure.
Brics is an acronym for Brazil, Russia, India, China and South Africa who founded the association in 2009. The other member states are Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.
US President Donald Trump said on Monday that the trade deal would cut American tariffs on Indian goods from 50 to 18 per cent in exchange for New Delhi lowering trade barriers.
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Brics leaders condemn strikes on Iran and tariffs but avoid direct mention of US, Israel
Brics leaders condemn strikes on Iran and tariffs but avoid direct mention of US, Israel
According to Trump, India would also halt its Russian oil purchases and consider imports from the US and Venezuela. India welcomed the tariff relief but has yet to confirm the oil commitment.
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