Overview

• President Trump invoked the International Economic Powers Act in April to justify new tariffs on Indian goods, which he framed as correcting a one‑sided relationship.
• India–U.S. trade is cited at about $191 billion, with a previously discussed goal of $500 billion by 2030 now facing uncertainty.
• The authors say the U.S. trade deficit with India widened from $652.8 million in 1985 to $34.25 billion in 2025, attributing the shift largely to India’s services exports.
• They call for swift steps at home including a tax overhaul, removal of restrictive manufacturing rules, large‑scale automation, and greater R&D funding, especially for pharmaceuticals.
• They advocate a recalibrated approach to any U.S. pact that reconsiders tariffs without weakening Make in India or Aatmanirbhar Bharat, noting frictions over Pakistan, Russia, China, BRICS and de‑dollarisation.