The “90 Deals in 90 Days” Pledge is a centrepiece of trump’s early april announcement, and has yielded only three preliminary trade renegotiated frameworks (UK, China, Vietnam) Scale. With India, while the talks are still in progress, the us president signals “close to signing on a trade deal with India”.

Wall Street has noted how the dow fell nearly 0.9 per cent (422 points) and nasdaq by 0.9 per cent (188 points) following the announcing of fresh letters a day bert. Yet Investors are remained oddly sanguine, treating the latest volatility as largely predictable.

In responded to Trump, Key Markets in Asia Have Responded, Contrasting India’s Deliberate Wait-Watch App App with Japan and South Korea’s Urject Firefighting To Ultimate Bears The Cost in Cost in Cost. Boomerang-Heavy Round of Tariffs.

India’s path

Imports from japan face a 25 per cent levy, while south korea confronts the same rate. These measures threaten to ripple acros Global supply chains, Raise Production costs and disrupt trade balconies. MeanWhile, India is charting a more cautious path. Have already submitted what officials describe as a “Final and Decent” Offer, Covering An estimated $ 150-200 billion in bilateral flows, it is now waiting for Trump’s Verdict, with no further concession. Most reports suggest.

This stance is partly strategic. But it is also a gamble. India’s approach carries the risk of appelexible precisely when other nations are bargaining hard. India’s bet assumes that costs of the tariffs will deter washington from escalation. That assumption is not guaranteed. If the us chooses to target indian exports, including pharmaceuticals, textiles and auto components, the impact on India’s current account and the sectoral effect of the society.

While asian equities live their ground, the bigger question is what happiness to the us itself. The trump administration has targeted over $ 2.3 trillion in usmports with new tariffs. Japan and South Korea, Which together account for Around $ 135 billion in Annual Trade Deficits, Have Becom Targets For Pressure, Leave Few Sectors Untouched. Furthermore Textile and Electronics Hubs. Bangladesh, Cambodia, Thailand and serbia now face duties up to 36 per cent almost guarantee that the amenic consumers will see Higher Retail Prices. US Companies, Importers and retailers will be bear the initial cost which most economists experiment to filter through the support chain as a cost-foot inflation.

The Market’s Reaction Underscored This Domestic Vulnerability. On the day trump’s letters appeared, the markets fell, bond yields dropped as investors fled risk, and the us dollar strengthened, Further intensifying inflationary pressures. Asia’s Markets For, At Least, The Moment has been remained relatively steady.

The Recent BRICS Summit in Brazil UndersCores How This Environment of Conteted Trade Is Prompting Emerging Economies to Re-Examine Established Alignments.

While India joined the group’s broader critique of arbitrary tariffs and overreliance on the dollar, it has stopped short of endorsing more radical proposals, such as a common brothers currency. De-Dollarisation. This combination of solidarity and caution reflects a more calibrated approach, one that neither fully aligns with china’s ago nor isolates from broader coalitions seeing reforms of the global trading systems.

At home, New Delhi’s measured restraint has not amounted to inaction. In refusing to be drawn into a hurried round of concessions, India has preserved its negotiating space. Its approach has been less reactive and more deliberate so far. It seeks in proportionality a Balanced Trade Deal, not one guided by corally instated deadlines.

Mohan is Professor of Economics and Dean, Ideas, Office of Interdisciplinary Studies, Director, Center for New Economics Studies, Jindal School of Liberal Arts and Humanities. Singh works at cnes