U.S. trade tiff | Talks in Delhi days after Trump's combative tweet

India-US trade talks,India,India-US trade

India-US trade talks,India,India-US trade

This came two days after President Trump Donald hit out at India saying its tariff is no longer acceptable to the USA, high-level trade delegation of India and U.S. began talks in New Delhi. "Many of these issues were discussed by PM and President Trump and we look forward to resolving them. many are technical in nature like tariffs, we will have to wait and see how they will be addressed, and what is the outcome of the talks", he added.

The two sides were negotiating to reduce friction on e-commerce, data localisation and trade tariff during the high-level dialogue on trade that began with informal talks in New Delhi on Thursday. While collaboration on 5G is not on the agenda but officials do not rule out a discussion on the issue.

American trade officials are visiting India for relationship-building with Indian government counterparts, including introductory meetings for the new assistant USA trade representative (USTR) for India. "It is important to keep in mind that when we engage on this issue, the trajectory of the relationship remains positive". The Indian delegation was led by Mr Sanjay Chadha, additional secretary, department of commerce, included senior officials from other ministries. The meeting comes weeks after Prime Minister Narendra Modi and US President Donald Trump held talks over the issue on the sidelines of the G20 summit in Japan's Osaka.

AUSTR Wilson and DAUSTR Brendan Lynch are in New Delhi July 11-12.

India's exports to the U.S. amounted to $52.4 billion in FY19, while imports were worth $35.5 billion. The US wants greater market access for its dairy products and cut in customs duties in information and communications technology products. The US would urge India to ease restrictions on ecommerce and data localisation norms which impact American companies like MasterCard and Walmart.

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USTR would also seek a rollback of retaliatory tariffs imposed by India in response to the steel and aluminium tariffs.

India then imposed retaliatory tariffs on 28 USA products with effect from June 16, after delaying them for a year, to punish the U.S. for not acceding to its request for the withdrawal of penal duties on its steel and aluminium levied last year.

For India, the priority would be to seek exemptions from United States import duty of 25 percent and 10 percent on steel and aluminium respectively. The delegation is also likely to meet top officials at the IT ministry. Energy imports from Iran and defence imports from Russian Federation are also likely to figure in the discussions.

The MEA spokesperson declined to comment specifically on which issues were being discussed on Thursday and Friday, including whether the USA objections to Chinese telecommunications company Huawei being considered for 5G trials was among them, but said that the "entire gamut of issues related to trade will be on the table".

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