, Columnist
Modi Got a Nice US Deal. But What Did He Give Away?
The devil is in the detail.
Source: Hindustan Times/Getty Images
After more than five months in US President Donald Trump’s tariff prison, India is finally free.
The punitive 50% duty that was threatening its manufacturing industries will fall to 18%, a tad better than key rival Vietnam’s 20%. It’s also a discount on the 26% reciprocal rate Trump had announced for India in his “Liberation Day” package last April. Overall, this is a great PR moment for Prime Minister Narendra Modi, who can spin it as an example that good things come to those who wait.