Former US Assistant Secretary of Commerce Raymond Vickery analyses the stalled US-India trade deal, attributing the impasse to President Trump’s ego and transactional approach, which he says Commerce Secretary Howard Lutnick is emulating. Vickery suggests the legal grounds for some US tariffs are ‘shaky’. Another speaker highlights India’s firm position, stating, ‘a bad deal is worse than no deal at all.’ This speaker emphasizes that India must protect its small and marginal farmers and dairy entrepreneurs and will not concede on these ‘red lines’. The speaker also notes that while a deal with the US is welcome, India is actively diversifying its trade relationships with other partners like the UK, UAE, Australia, and the European Union.
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