India Today - - TRADE WAR | COVER STORY -

1. Trade

Even as Indo-US bi­lat­eral trade grew to $142.1 bil­lion in 2018, the US has been ham­mer­ing at its trade deficit—$24.2 bil­lion in In­dia’s favour. It wants In­dia to re­duce du­ties on a range of prod­ucts, in­clud­ing med­i­cal equip­ment, ve­hi­cles, toys and even cher­ries. In May, the US with­drew pref­er­en­tial duty con­ces­sions to In­dia un­der the Gen­er­al­ized Sys­tem of Pref­er­ences, ad­versely im­pact­ing 12 per cent of In­dian ex­ports to the US. In re­tal­i­a­tion, In­dia im­posed higher tar­iffs on 29 American prod­ucts ex­ported to In­dia.

2. Visas

The Trump ad­min­is­tra­tion plans to make H1 B work visas both harder to get and costlier for In­di­ans. The US has also with­drawn its pol­icy of au­to­matic work per­mits for the spouses of those await­ing Green Cards—a pol­icy the Obama ad­min­is­tra­tion im­ple­mented in 2013. These changes have caused deep con­cern among the mil­lions of work­ers who are cur­rently in the US, and also among those as­pir­ing to go there.

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