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From 1999 to 2018, trade between US and India surged from $16 billion to $142 billion. But the relationship is marred by disagreements on several issues.
US importers & consumers are bearing the burden of tariffs. Stronger US currency has had minimal impact on dollar prices Chinese exporters receive.
The US-China trade war has rattled financial markets across Asia-Pacific region even as the US says Trump-Xi trade talks are likely to take place at G20 summit.
The statement came days after he criticised India, saying it is one of the world's highest taxing nations.
India’s withdrawal of MFN status and hike in import duties could increase smuggling & informal trade through Dubai may also jump.
JSW Steel is betting that vibrant growth will underpin demand in overseas markets and complement a boom at home.