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US President Trump, PM Modi, agrees to settle trade conflicts

On Friday, Prime Minister Narendra Modi and President Donald Trump “analyzed” their worries about bilateral trade conflicts and agreed to an early session of their trade ministers to resolve the problems, one day after the US leader requested the withdrawal of India’s “very elevated” tariffs on American products.

President Trump said on Thursday that the “very elevated” tariffs on American products from India are “unacceptable” and must be withdrawn.

India raised tariffs on 28 items, including almond, pulses and walnut, exported from the US in retaliation for the withdrawal of preferential access for Indian goods by America.

“In specific, the Prime Minister mentioned that after the revoking of the Generalized System of Preferences (GSP), we had taken some action, that this was now something that had already occurred, and now we should look forward to seeing how we can solve some of these problems,” Gokhale said.

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