Stephen Finn/Shutterstock Save for later Print Download Share The world鈥檚 fastest growing economy has genuflected before the administration of Donald Trump in the ongoing tariff war, going out of its way to accommodate the mercurial US president鈥檚 every whim. It isn鈥檛 hard to see why. The US is by far the largest destination for India鈥檚 exports, accounting for 18% of the total, which makes the 26% reciprocal tariff that Trump announced in April, and then suspended for 90 days, a serious threat. The US runs a $36 billion trade deficit with India which, by contrast, runs a trade deficit of $94 billion and $61 billion, respectively, with fellow Brics members China and Russia. How those trade relations and ties are affected by any Indo-US trade deal remains to be seen.
