The United States wants India to buy at least another $5-6 billion worth of Amer...
NEW DELHI - The United States wants India to buy at least another $5-6 billion worth of American farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession and seal a wider pact, four sources familiar with the talks told Reuters.
Ahead of a Trump visit to New Delhi to meet Prime Minister Narendra Modi next month, negotiators on both sides are hammering out terms for a trade deal that would include New Delhi rolling back higher tariffs on some farm goods such as almonds, walnuts and apples, one of the sources said. While India has offered partial relief on medical device price caps that have hurt American pharma giants and a roll-back in tariffs on some U.S. goods, Trump’s team wants a sweetener of $5-6 billion in additional trade for U.S. goods to restore GSP privileges, three of the sources said.As part of the negotiation, the U.S. wants India to increase imports of frozen poultry products, the first source said. The U.S. has already been pushing India to cut the high import taxes on poultry products.
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