• SENSEX
    NIFTY 50
VIDEOS
Economy

India hopeful of a trade truce with US: Here’s what experts feel

Updated : June 29, 2018 12:14 AM IST

India has been hinting at a truce with the United States over trade tariffs. It all began when the US imposed additional tariffs on steel and aluminium imports from India and other countries. India hit back with a retaliatory tariffs of 29 goods imported from the US. Both sides held talks today and sources say a resolution is possible in the next month or so.

I think it is a very positive movement because it was not expected that everything would get resolved in the first meeting which took place over the last weekend, said Jayant Dasgupta, Former Ambassador of WTO.

Meera Shankar, Former Indian Ambassador, USA said, “For India, US is an important trading partner and for the US also India could be potentially larger market than it is. It is good that the two countries are engaging and are trying to find a package or a compromise which would satisfy both sides.”
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV