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NIFTY 50 10, Drag according to your convenience. The trade disputes posed bumps on the road as President Donald Trump called India a "tariff king" in September. However, two months later, he praised Indians as tough negotiators as the two countries started talks on a bilateral trade deal.
India's strategic partnership with the US and its emergence as a leading global power was on display during other high-level gatherings this year, including two meetings of the quadrilateral partners Australia, India, Japan, and the US and at the India-Japan-US trilateral meeting at the G summit last month. On the economic front, India-US trade relationship continues to grow, she said.
Bilateral trade grew to USD billion last year, and, parallel with the launch of the Strategic Energy Partnership, US-sourced oil and liquefied natural gas landed on Indian shores. US companies need better access to India's markets in order for us to realise the full potential of our economic partnership," Wells said. She said the Trump administration looks forward to building on this relationship's momentum and working even more closely with the Indian counterparts on a range of shared strategic interests next year.
Nisha Desai Biswal, president of the US-India Business Council, believes experienced major upheavals impacting longstanding trade agreements and frameworks, with retaliatory tariffs, rising protectionism, and domestic political clashes spilling over into the economic policy of major economies. Biswal said that on the commercial front, the private sector will be watching closely to see whether the two governments can reach a bilateral trade deal and resolve key trade irritants impacting US business.
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Explore Indo US defence deal profile at Times of India for photos, videos and latest news of Indo US defence LAST UPDATED: Feb 08, , PM IST . What is at stake in is whether India can stay the course as an emergent great US discusses potential missile defence cooperation with India: Pentagon.
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