Expectations for a U.S.-India trade deal to be inked when President Donald Trump visits the country next week continue to fade, with the U.S.-India Business Council the latest to lower those expectations.
“As new issues have continued to emerge, including the introduction of new tariffs in the most recent budget,” the group’s president, Nisha Biswal, told reporters in a teleconference, “the conversations may have gotten a little bit more complicated.” However, Biswal said there is still a chance for an agreement, but “both governments have been indicating that is unlikely at this juncture.”
Indications are that the situation is linked to India not making the kind of concessions on some issues that the U.S. sought as they were wanting to put some kind of trade deal together that Trump could announce while in the country.
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