NEW DELHI: The United States wants India to buy at least another US$5-6 billion worth of American poultry and farm goods if New Delhi wants to win reinstatement of a key US trade concession, four sources familiar with the talks told Reuters.
Both governments had hoped to work out a limited trade deal last year, but struggled to reach an agreement. While India has offered a partial relief on medical device price caps that have hurt American pharma giants and a roll back in tariffs on some US goods, Trump's team wants a sweetener of US$5-6 billion in additional trade for US goods to restore GSP privileges, three of the sources said.That demand was conveyed by the United States to India in late December, said two sources.
"The deal has to be agriculture focused, the US is putting a number on everything ," said one of the sources.Other than the agriculture sector, the United States could be swayed if some of that additional revenue goes to its energy sector, said one of the sources.
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