Forgoing trade deal between India, US will force America to consider alternatives: USISPF
The head of an influential business advocacy on Indo-US ties has warned that forgoing a trade deal between the two countries will force the Trump administration to consider alternatives.
Observing that relationship does not work in silos, Mukesh Aghi, president of US-India Strategic and Partnership Forum (USISPF), said the alternatives could start with the suspension of Generalised System of Preferences (GSP) benefits and end with trade skirmishes over Twitter that hurt both the economies.
Last week, White House chief economic advisor Larry Kudlow said that discussions on a trade deal with India has begun. But he did not give any details. In recent weeks, President Donald Trump has said that India wants a trade deal with India and accused New Delhi of having excess of tariffs.
"Forgoing a trade deal will force the US government to consider alternatives, which could start with the suspension of GSP benefits and could end with trade skirmishes over Twitter that hurt both economies," Aghi told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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