New Delhi, March 2 -- A reset in transatlantic trade ties is reshaping global business calculations, and India may be the biggest beneficiary, particularly in the small and medium enterprise (SME) segment.

The political trade understanding between the United States and the European Union, commonly referred to as the Turnberry framework, is steadily creating what policy analyst Prasoon Sharma describes as a two-tier transatlantic trade environment.

"The Turnberry framework is effectively creating a two-tier transatlantic trade environment. Large multinationals can localise production, optimise tax and compliance structures, and lobby for carve-outs, whereas small and medium-sized enterprises (SMEs) face fixed compliance costs that often ...