India-US trade deal: What midterm elections mean for trade policy, tariff and export sectors? Experts explain
Mint · Akriti Anand ·
Experts said that the US midterm election results would not rewrite US trade policy overnight.
As India and the US work to finalise a long-awaited trade deal, the ruling Republicans' major electoral loss in the recently concluded US midterm polls has raised crucial questions: How may this flip in the US Congress affect the India-US negotiations? Will the setback to US President Donald Trump's party give India room to negotiate?
Experts believe that the Republican Party's stinging loss in the midterm elections, which shifted the balance of power in the US Congress, may push Trump to accelerate negotiations that had been reportedly stalled over tariff concerns. This, however, may not make the "US trade policy less restrictive", they said.
Another expert explained why India may get some room to negotiate on “substance rather than under deadline pressure”.