New Delhi, June 2 -- While facing a challenge from the United States regarding tariffs on steel and aluminium, the Global Trade Research Initiative (GTRI) suggests that India should opt for a more "pragmatic route" by using the ongoing bilateral Free Trade Agreement (FTA) as a tool for negotiations with the US.
GTRI believes that India could secure a mutually beneficial negotiated solution by pressing the US to eliminate or significantly reduce the Section 232 tariffs on steel and aluminium as a key component of the FTA deal.
"This approach would allow India to use its negotiating leverage to gain meaningful market access benefits without escalating the dispute through trade or legal fights at this stage, the release by GTRI said.
Howe...
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