New Delhi, July 31 -- The US administration has, in a way, adopted a flexible trade strategy by offering reduced tariffs to countries that pledge reciprocal benefits such as increased purchases of US goods, removal of trade barriers, or investment in American industries.

Bank of Baroda Economist Aditi Gupta has put out a what she called 'Fact sheet' on US trade deals so far, and the following are the highlights from her compilation.

As the long-feared tariff hikes come into force August 1, the US administration has inked a flurry of trade deals. Several nations, including the UK, Indonesia, Japan, and EU, successfully negotiated lower tariff rates than initially threatened.

The UK secured a 10% reciprocal tariff in exchange for opening...