TRUMP: REMOVE BARRIERS TO U.S. EXPORTS

Washington, June 27: US President Donald Trump on Tuesday asked Prime Minister Narendra Modi to do more to reduce obstacles to US exports to India as the two leaders vowed to further “expand and balance” Indo-US trade relationship.

Alongside Mr Modi after their talks here, Trump told the media that India-US must have “a trading relationship that is fair and reciprocal”. “It is important that barriers be removed to the export of US goods into your markets and that we reduce our trade deficit with your country,” he said.

India is the US' ninth largest trading partner with the total two-way trade $67.7 billion last year, as per USTR figures. It is loaded in favour of India, which runs a surplus of $24 billion.

It however fades into insignificance when compared to China which runs a surplus of $347 billion with the US.

The surplus with US is India’s largest with a trading partner.

A statement said the two leaders committed that the two nations should intensify their economic cooperation.