trumps-comeback-opens-door-for-fresh-us-india-trade-talks

Trump's comeback opens door for fresh US-India trade talks

 • 1036 views

India shows readiness to adjust market rules for US companies after Trumps recent win. Both nations eye better trade terms while building on their previous four-year relationship from last decade

After Donald Trumps recent win India looks ready to re-think its market rules for US firms (a move that could reshape trade between these global powers)

Narendra Modi who shares a good bond with Trump since his last presidency was among first world-leaders to call and talk after the election results. During Trumps earlier White-house stay from 17 to 21‚ both nations almost made a mini-trade deal but covid changed their plans

The south-asian country might ease-up rules in car-making sector; however it wants fair treatment for its goods too. “We had a fairly good convergence during his first term in office“ says Harsh Vardhan Shringla who worked as Indias ambassador in Washington

I think his second term will be even better because the two sides have developed a certain amount of mutual understanding and respect

Former diplomat Shringla states

Trade between these nations keeps growing no matter whos in charge. US stays Indias biggest export partner with goods-and-services worth $120 billion sent last year. Despite Trump calling India a “very big abuser“ of trade ties their leaders relationship stays warm - he even called Modi “fantastic“ during his campaign

The deal talks look more hopeful now since:

  • Both leaders know each other well
  • Previous talks almost succeeded
  • China is Trumps main trade target
  • India wants better market access

New Delhi thinks Trumps business-like approach to deals makes talks easier‚ and past experience shows they can find common ground

Popular

News by theme