India and the United States held a three-day meeting in Washington to finalise a trade deal. After the deal concluded, the US trade representative, Jamieson Greer, said, ‘India is a tough nut to crack’, meaning it is hard to convince India. Although this statement is not said in a harsh sense or in an insulting way, it just implies that India doesn’t immediately agree to US demands; instead, it has its own restrictions.
The trade deal is about making buying and selling easier for both countries. However, the US focuses on getting quicker and easier access to the Indian market. Whereas India is firm in protecting its economy, particularly its major agricultural sectors. If India allows cheaper products into the country, it could harm the farmers and small businesses.
On the other hand, the United States emphasises selling its goods in India without restrictions or taxes. But India is aiming for fair terms and conditions to protect its people. Both countries want a deal that benefits them, which has slowed the negotiations, taking three days to reach a deal.
You May Also Like to Read: Lee To Push Korea-India Economic Ties In Modi Meet
The deal is also affected by the previous tariff fights between the two countries. However, the discussion is still called positive as everything concluded on a good note. By 2030, both countries are aiming to expand trade to $500 billion. There are chances that the talks will resume to make a few changes and conclude the best deal for India and the US.
