The United States wants India to buy at least another $5-6 billion worth of Amer...Neha Dasgupta 5 Min Read NEW DELHI (Reuters) - The United States wants India to buy at least another $5-6 billion worth of American farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession and seal a wider pact, four sources familiar with the talks told Reuters. FILE PHOTO: A man holds the flags of India and the U.S. while people take part in the 35th India Day Parade in New York August 16, 2015. REUTERS/Eduardo Munoz/File Photo U.S. President Donald Trump cited trade barriers last year when removing India from its Generalized System of Preferences (GSP) program that allowed zero tariffs on $5.6 billion of exports to the United States. In retaliation, India slapped higher tariffs on more than two dozens U.S. products. Ahead of a Trump visit to New Delhi to meet Prime Minister Narendra Modi next month, negotiators on both sides are hammering out terms for a trade deal that would include New Delhi rolling back higher tariffs on some farm goods such as almonds, walnuts and apples, one of the sources said. Both governments had hoped to work out a limited trade deal last year, but struggled to reach an agreement. India’s commerce ministry and the U.S. Embassy in New Delhi did not respond to a request for comment. The office of the U.S. Trade Representative did not immediately respond outside regular business hours. While India has offered partial relief on medical device price caps that have hurt American pharma giants and a roll-back in tariffs on some U.S. goods, Trump’s team wants a sweetener of $5-6 billion in additional trade for U.S. 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. As part of the negotiation, the U.S. wants India to increase imports of frozen poultry products, the first source said. The U.S. has already been pushing India to cut the high import taxes on poultry products. “The deal has to be agriculture focused, the U.S. is putting a number on everything (if India wants GSP back),” said one of the sources. The sources asked not to be named due to the sensitivity of the discussions. 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. Indian oil minister Dharmendra Pradhan this week said India was looking forward to extending its energy cooperation with the United States and other countries, but didn’t disclose any planned deals. Trump is likely to visit India in late February, in what would be his first visit to the South Asian nation since he took office three years ago. SMALLER CHINA-TYPE DEAL India and the United States have built close political and security ties, but in recent years trade frictions have come to the fore. Trump has often named India as one of the countries with the highest tariffs in the world. Trump’s administration has also been upset with India’s decision to force foreign card networks to store more data locally and imposition of stringent e-commerce investment rules that impacted operations of Amazon.com Inc ( Read more: Reuters Top News
adityakalra neha_5 Sounds like another CHUMP QUID PRO QUO! adityakalra neha_5 They going to drop a virus on India too if they play hard ball ? Does India really need so many farm goods from the U.S.? Who has written this piece of junk ? adityakalra neha_5 But they Support Pakistan So it Hard Note किया जाए
Muslim women occupy streets in India against citizenship lawPHOTO ESSAY: In the India n capital’s Shaheen Bagh neighborhood, a group of Muslim women sit in the middle of a street in resistance to a new citizenship law that has unleashed protests across the country. First get it into your heads CAA has nothing to do with Indian Muslims. The whole thing is a religious political game India is rescuing non-muslims - Christians, Hindus, Buddhists, and Zoroastrians - from Islamic persecution and muslims in India are pissed! These are a cancer!! We see you a$$hats. Only you lunatics would be mad that India is offering asylum to non-muslims that were being religiously persecuted. Muslims are mad they can't keep torturing and killing non-muslims.
Brazil urges India to cut import taxes on chicken productsBrazil wants India to cut its import taxes on chicken and chicken products, so i...
How Samsung, Qualcomm, and other smartphone leaders are targeting India - Business InsiderCracking the price-sensitive India n smartphone market could allow smartphone manufacturers to reinforce their revenue streams in high volumes: you make it sound like a quantum physics problem... you give them the cheapest phone, they'll buy it
India Sees Opportunity as U.S. Remakes Its Alliances India sees the Trump administration’s reassessment of America’s traditional alliances as a strategic opportunity—a shift that allows New Delhi to deepen ties with Washington without provoking retribution from China or destroying a longstanding partnership with Russia. They see how we caved to China, now they want a piece. This is what happens when you elect an idiot who thinks he is a good negotiator. India has a bunch of ghost towns so i wouldnt worry about them
Exclusive: Trump to sign USMCA trade deal Wednesday at the White House - source Exclusive : President Trump will sign the U.S.-Mexico- Canada trade deal on Wednesday, January 29 at the White House, according to an official That has to be a photoshopped image and should be identified as such. Another phony act of replacing an existing law solely to have his name on it. Neither this nor the agreement with China improved anything in a material way for Americans. trade deal on Wednesday is about trump trying to fix idiocy of 'trump tariff force who are bankrupting american`s first ! ?
Mnuchin Signals Post-Brexit Trade Deal In 2020, But Britain’s Tech Tax Could Threaten ChancesTreasury secretary Steven Mnuchin signalled a U.S.-U.K. trade deal could be inked this year, but Britain's plans to hike taxes on U.S. tech giants could threatened the deal.