Breaking the ice: On India-U.S. trade ties

News Today 23.11.2021

On her maiden visit to Asia, U.S. Trade Representative Katherine Tai held bilateral meetings with Commerce and Industry Minister Piyush Goyal and relaunched the U.S.-India Trade Policy Forum (TPF). A lot has transpired in the Indo-U.S. economic partnership in the four years since the TPF was last convened — from machinations towards a free-trade agreement to the failure to even reach a mini-trade deal towards the latter half of the Donald Trump administration days. Instead of progress, there were setbacks, including raised import tariffs and the withdrawal of benefits to Indian exporters under the U.S.’s Generalized System of Preferences (GSP) which triggered retaliatory trade barbs. That marquee American businesses (Harley-Davidson and Ford) have left India has not helped optics, even if their motivations may not have been solely linked to difficult trade norms. (Read More)

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