GTRI Warns Against Full FTA with U.S., Recommends ‘Zero-for-Zero’ Trade Deal Post Tariff Pause

GTRI (Global Trade Research Initiative) has cautioned against a full Free Trade Agreement (FTA) with the U.S., recommending a "zero for zero" trade deal after the current tariff pause concludes. GTRI suggests focusing on eliminating tariffs on a reciprocal basis for specific sectors where both countries have comparable tariffs, rather than a comprehensive FTA that could have broader economic implications. This cautious approach aims to protect India's trade interests.