Donald Trump In Talks With Narendra Modi For Trade Deal: White House
New Delhi: A top White House official has revealed that US President Donald Trump is in talks with Indian Prime Minister Narendra Modi for a possible trade deal with a view to resolving issues related to bilateral commerce.
Larry Kudlow, White House Chief Economic Advisor said, “We (India and US) are in talks. We are in talks absolutely. India is a highly-valued ally. The president has spoken to the prime minister and so forth. We’re in talks.”
However, Kudlow did not specify when the two leaders spoke on trade matters. Also, he did not provide any detail of the trade talks between India and the US.
India’s Commerce Minister Suresh Prabhu has confirmed that India and US have exchanged offers for a possible trade deal in order to resolve bilateral trade issues.
“The negotiations are ongoing. Of course, at this stage they have given an offer and we have also given a counter-offer and we are working on it,” Prabhu said at an event in New Delhi.
Notably, India is urging the United States for exemption from the high duty imposed by the US on certain steel and aluminium products besides resumption of export benefits to certain domestic goods. On the other hand, the US demanding greater market access for its agriculture goods, manufacturing products and medical devices in India.
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