US firms, diplomats nudge India to cut trade tariffs

Feb 23, 2018, 6:36 AM EST
(Source: Angelo Amboldi/flickr)
(Source: Angelo Amboldi/flickr)

In the wake of India’s move to raise customs duties on dozens of American products, U.S. businesses and diplomats are pushing New Delhi to lower barriers to trades, including tariffs, which Washington deems as hurdle in the strengthening of economic ties between the two nations.

U.S. President Donald Trump has already threatened that he may slap a “reciprocal tax” against countries, including its allies, if they continue to levy tariffs on American products, writes Reuters.

Bilateral trade between the U.S. and India have grown by more than five-fold between 2001 and 2016, with the trade deficit widening from $13 billion in 2006 to $31 billion in 2016.