US –India Trade Issues
- US Commerce Secretary recently held that American companies can play a supporting role in India’s development but the difficult trade barriers and Indian regulations are a hindrance.
- US President has repeatedly called India a “tariff king” which imposes “tremendously high” tariffs on American products.
- US in April 2019 announced the withdrawal of Generalised System of Preferences (GSP) benefits granted to India.
US – India Trade Deficit:
The US goods trade deficit with India was $23 billion in 2017 and $21.3 billion in 2018. The US is seeking to wipe out the surplus by forcing more imports by New Delhi. To ....
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