India visit could ease friction with U.S.

Donald Trump’s two-day trip to India is his first as president to one of the world’s largest economies – a country Washington is trying to cultivate as a strategic counterweight to an increasingly assertive China


U.S.-India bilateral trade: $142.6bn (2018) 

Goods $87.8bn
U.S. exports $33.5bn
U.S. imports $54.3bn

$58.7 billion
$83.9 billion

Services
$54.8bn
India exports $29.6bn
India imports $25.2bn

U.S. is India’s single largest trading partner. India had trade surplus of $25.2bn in 2018


Jun 2019, trade tensions: U.S. strips India of duty free access for $5.6bn of exports to U.S. India slams tariffs as high as 120% on 28 U.S. products

Visas: Clampdown on H-1B U.S. visas has hit Indian IT companies. Over 70% of H-1B recipients are Indians

Oil: India is under U.S. pressure to stop purchase of Venezuelan oil – India is top destination for Venezuela’s oil, taking 38.5% of exports

Data protection: New Delhi’s plan to require foreign businesses to store Indian users’ personal data inside India has angered multinational tech companies

Defence deals: India defied U.S. pressure and purchased $5.5bn Russian S-400 missile system. Trump wants New Delhi to buy $1.9bn U.S. integrated air defence weapons system, and proceed with $2.6bn purchase of Lockheed Martin’s anti-submarine Seahawk naval helicopters

Trump hopes to complete “mini-trade deal” during visit


Source: U.S. Trade Representative
Pictures: Associated Press, U.S. Navy 
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