Trump and Modi: Navigating the Turbulent Waters of US-India Trade Talks
US-India trade talks face hurdles as President Trump's insistence on direct negotiations with PM Modi causes delays. The imposition of tariffs and references to Russian trade complicates matters. Despite setbacks, experts express hope for a comprehensive trade agreement, emphasizing the strategic importance of US-India relations.
In recent developments, trade negotiations between the United States and India have encountered significant obstacles. Former US trade negotiator Mark Linscott suggests that President Donald Trump's penchant for directly stamping trade deals may require personal negotiations with Indian Prime Minister Narendra Modi to finalize a trade pact.
The imposition of a 25% tariff on Indian goods, announced by Trump, adds to the complexity of the situation. The tariffs are seen as a strategic move to pressure India into concessions. Experts express concern over references to Russia in these negotiations, further complicating the bilateral dialogue.
Despite these challenges, there's optimism for future agreements. The US remains India's largest export market, and both countries have much to gain from strengthened trade ties. Overcoming current hurdles could pave the way for a comprehensive Bilateral Trade Agreement, vital for economic growth and strategic partnership.
(With inputs from agencies.)
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