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News India Live, Digital Desk: Trump’s Big Claim: A good news is coming out of America which can be special for India. Former US President Donald Trump has once again raised hopes that a major trade agreement between India and the US is going to be very soon. He told that both countries are “very close” to this deal. This statement has come at a time when the US has imposed new import duty (tariffs) on some other countries, which leads to an atmosphere of business tension.
Trump made a statement I clearly said that they are very confident about the trade agreement with India and the work on it is almost complete. However, this is not the first time Trump has made such a statement. Despite being the President, he had said many times that a “big trade agreement” was going to happen with India, but then the matter could not move forward.
Recall that earlier the US had abolished some special exemption of India in business, in response to which India also imposed additional taxes on 28 American products. This made the business relationship between the two countries a bit tense.
According to statistics, India’s trade deficit with the US in 2017 was about 22.9 billion dollars, which means that India buys more than the goods they sell to the US. America has always been telling India to open its markets so that American products can get more space there.
It will now be seen whether this new statement of Trump is just an expectation or this time this time there is a much awaited trade agreement between India and America, which has been a long time waiting. If this deal is done, it will be a major step for the economic relations between the two countries.
