world-economy

US Trade Chief Greer Pushes to Unlock India Deal as Global Trade Tensions Mount

US Trade Representative Jamieson Greer is in India this week for high-level negotiations aimed at breaking a stalemate on a bilateral trade agreement. The talks mark an intensified push by both nations to resolve outstanding differences blocking the interim pact. The diplomatic engagement comes as global trade friction accelerates on multiple fronts. The European Union is implementing new levies on online shoppers, with the measure primarily targeting China. US tariff policy remains in flux, with industry analysts expecting sweeping duty changes by late July. These changes could reshape compliance obligations and spark legal challenges. Shippers are frontloading cargo ahead of uncertain trade rules and rising fuel costs, creating an early peak season surge at major ports including Los Angeles. Success in India negotiations could provide stability in one key trading relationship amid broader uncertainty.