India-US trade

India and US are close allies and trading partners. The trade between the two countries stood at only $126 bn in 2017. This is further threatened after Trump administration said it could end trade concessions to India which allow upto $5.6 bn of preferential duty free Indian imports into US. US lawmakers have written to the US President urging him to not end these trade concessions as they would impose harm to US companies and lead to the loss of jobs. India could also announce retaliatory tariffs.

How can this impact politicians or even common people? Tell us your thoughts in the comments below…

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