India and the US found a mechanism to tackle trade tensions after a meeting between Prime Minister Narendra Modi and US President Donald Trump in Osaka on Friday, with the ministers of the two countries expected to meet in the coming weeks to work out the contours of a deal.
The Modi-Trump meeting, held on the margins of the G-20 summit in Japan, seemed to have gone off well after weeks of dissonance over trade, with US raising tariffs on aluminium and steel and revoking India’s beneficiary status under generalised system of preference (GSP), and India responding by raising tariffs on certain categories of imports.
India and the US found a mechanism to tackle trade tensions after a meeting between Prime Minister Narendra Modi and US President Donald Trump in Osaka on Friday, with the ministers of the two countries expected to meet in the coming weeks to work out the contours of a deal.
The Modi-Trump meeting, held on the margins of the G-20 summit in Japan, seemed to have gone off well after weeks of dissonance over trade, with US raising tariffs on aluminium and steel and revoking India’s beneficiary status under generalised system of preference (GSP), and India responding by raising tariffs on certain categories of imports.
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