US-India Trade Talks Revive

Trade Relations Between the US and India Back on the Agenda

Indian Prime Minister Narendra Modi assessed significant developments in trade negotiations with US President Donald Trump during a telephone conversation.

Trade Talks Restarted

This phone call reveals the desire of both India and the US to revitalize trade discussions. The two countries are engaged in a joint effort to strengthen economic cooperation and address existing trade issues.

Customs Tariffs and Future Plans

The discussions are particularly related to efforts to ease tensions regarding customs tariffs and India’s relations with Russia. The US’s imposition of a 50% customs duty on Indian-origin goods has been a major source of initial tension. It is stated that this tariff is a response to New Delhi’s import policy regarding crude oil from Russia.

Effects on Technology Workers and H-1B Visas

Additionally, significant increases in costs associated with H-1B work visas have complicated relations between India and the US further. These visas are primarily used by Indian tech workers to obtain permission to work in the US.

Future Collaborations

Modi announced on Thursday that the leaders agreed to remain in close contact over the coming weeks. Both sides are said to be willing to work together to strengthen mutual trade relations.