New Delhi, July 31 -- President Donald Trump's announcement to impose a 25 percent tariff and penalty on Indian goods may appear severe, but India remains in a better position than nations that have signed trade agreements with Washington, according to Global Trade Research Initiative (GTRI).

The think tank made this assessment on Wednesday, arguing that India has avoided making the significant concessions that other countries have been forced to accept.

The think tank noted that countries including the United Kingdom, the European Union, Japan, Indonesia, and Vietnam currently face elevated tariffs despite having trade deals with the United States.

In exchange for these agreements, these nations have provided substantial concessions t...