While the tariff announcement on patented drugs sent Indian pharma stocks tumbling, a tentative digital trade deal could show a path forward
But behind closed doors, a tentative deal on digital trade and quiet backchannel negotiations are giving hope to markets and manufacturers in both of the world’s most populous democracies.
“There appears to be recognition that the US needs to lower the rhetoric,” said foreign policy analyst Vivek Mishra, deputy director of the Observer Research Foundation think tank’s strategic studies programme.
“With him, you never know because in one instance he may embrace you and on the other throw you away.”
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