Commentators in the United States and India are beginning to call the current trade standoff between the two countries a full-blown trade war. One, the latest US move in itself doesn’t constitute a significant threat to bilateral trade. Despite the tension on the trade front, India-US bilateral trade topped $87 billion last year, up from $73 billion in 2017, a recently released report from the US department of commerce says. The growing bilateral trade has made businesses in both the countries stakeholders in the broader strategic relations. Even while the two nations are engaged in an unprecedented level of commercial activities, bilateral trade is still well below its potential.
Source: Hindustan Times March 15, 2019 02:03 UTC