"clock is ticking". But bigger issue is that, it has to deliver finding common grounds for win-win on both the sides, rather than win-loose or loose-win.
The much-awaited mini trade deal between India and the United States may be interim/framework for a trade deal in the constructing but regardless of the scope and scale it could still be materialize in substance, anticipate all the stakeholders including Delhi administration.
The semblance at this crucial stage is that world is waiting every single trade deal with bated breath.
The experts and optimists alike are in complete agreement in principle that, it still could be “very substantial” notwithstanding even if it won’t in this deal in question include all the legal and tariff details given the nuances it involves.
But what is highly likely is that, It certainly would be an interim deal, and will be a great start point in this juncture when uncertainty is new certainty; no brainer that likelihood is not to include detailed tariff schedules given that some sticky issues durably persist and there are lots of give and takes in any trade deal been followed by the hard work/diligence of the key negotiating teams from both sides burning midnight oil for long now.
Join our group
Aerial view
Despite of India having drawn red lines (as some of agriculture and dairy sectors/issues are non comprisable) it has shown sincerity to get it moving (though here it is to mentioned that India finally wants an equitable deal on notional basis) to be and, frankly it's all up to Trump now and optimistic view is that it can be anything in next 48 hours even there are feelers that given India has not been handed tariff letter the chances of the trade-deal brighten.
Join our community
Leap of faith; As it is either trade deal or tariff letter from the Trump administration as it is they are been dubbed more or less as offer letters only.
Trump remarked very optimistically recently in the official meeting," Close to a deal with India."
The base case here is that, Trump tariff tantrums shall help India's textile sector wealth/health affect emerging as clear beneficiary given the differential tariff structure existing between India & the key competing nations leading today textile stocks rally in hope.
It's very meaningful as it can be golden opportunity; Experts opine opportunity presents itself for the sector to double down on its efforts if India's textile industry was to make a dent in the global textile space.
How India's textile sector is stacked today: The sector continues to be so much underperformer
Recently the US has announced a plan to impose a 35 percent trade tariff on Bangladesh, and also our tariff to imports in the US is going to be hopefully far less than China's 55% as of now besides US trying to overcome China's manipulation of circumventing the tariffs, case in point is Vietnam where US has as the sources report that the US has shown firm plans to charge 20% tariffs on Vietnamese goods and 40% tariff when it comes to on what we call transshipments (there is a caveat here; subject to India's deal comes through giving us a clear-cut differential advantage) which again is a big plus for India's textile sector's competitiveness.
Can be along-term wealth creator; currently as things stand India's market-share into the imports in the US for ready-to-wear garment (RMG) markets in the US, merely is 6% whilst Bangladesh is 9% & Vietnam's market share is formidably robust 19 percent, so headroom for the uptick in market share and, the good news does not end here as countries like LAOS and Cambodia are among incredibly worst hit with the recent US tariff letter issuance where they have been charged with terribly high tariff of as high as 40% and, that is the puzzling point for these nations having a slice of the imports into the US's clothing /apparel sector i.e after all, someone's loss is someone's gain.
Striking point; Hopefully, mini deal is widely anticipated to entail definitive tariff reductions/concessions on both sides, more importantly it should see rolling back parts of the reciprocal tariffs imposed by the US earlier on the liberation day.
Fingers crossed at this moment of time around signing deal!
CONTACT US 
