 "Illustration: Binay Sinha")
In an overt display of politically motivated trade policy by United States President Donald Trump, India was targeted earlier this month with an exceptionally high cumulative tariff of 50 per cent. Almost a month later, with the penalty component now in effect, Indian exporters remain on tenterhooks, awaiting a positive —perhaps elusive — outcome of the Trump-Putin-Zelenskyy meetings and the rescheduling of stalled negotiations on a trade deal with the US. As the US is the largest market for our major exports, especially labour-intensive sectors like textiles and apparel, seafood, and gems and jewellery, a trade deal will need to
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