Time is running out for India to secure a reduction to the 50% tariff on exports to the US ahead of the 27th August deadline. But policymakers are using the threat that tariffs pose to the economy to push ahead with domestic reforms, the most recent being the streamlining of the GST. India is also attempting to improve relations with China as a geopolitical hedge - indeed, Prime Minister Modi will make his first state visit to China in seven years next weekend.
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