PTI New Delhi

Amid the ongoing trade tensions between US and China, countries like India and Japan may be able to negotiate better deals with the US, according to a report by Jefferies.The report highlighted that while Japan and India may be able to negotiate better trade deals with the US than they might have been otherwise, they are not expected to agree to terms that would threaten their growing trade with China.

Jefferies said, "Japan and India may be able to negotiate better deals with the US than might otherwise have been the case, they are unlikely to agree terms that threaten their trading relationship with China".

The report also noted that China had recently issued a strong warning. It said that it would retaliate against any country that signs a trade deal with the US which harms China's interests. This shows China's tough stand as it deals with growing trade tensions with the US. Meanwhile, the Trump administration seems focused on isolating China by strengthening trade relations with countries like Japan and India.

India exploring ways to increase fertiliser imports from US India is exploring ways to increase fertiliser imports from the US in a bid to reduce its dependence on countries like China and narrow the trade imbalance between New Delhi and Washington, an official said.

The country's fertiliser imports in 2024-25 dipped by 7.16 per cent to USD 8.29 billion in 2024-25 as against USD 8.92 billion in 2023-24 and USD 15.32 billion in 2022-23. The top five import sources of India are Russia, Saudi Arabia, Oman, China, Morocco, and the US, the official said. In the last fiscal, the inbound shipments of this commodity from Russia dipped by 11.18 per cent to USD 1.84 billion as compared to USD 2.07 billion in 2023-24.