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'Forgoing India, US trade deal will send negative signals to investors'

The US is the one trustworthy companion that can help India counter threats in its region and ultimately foster a more secure world for us all, USISPF said

'Forgoing India, US trade deal will send negative signals to investors'
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Containers at Yangshan Deep Water Port in Shanghai. To avoid tariffs on exports from China, brokers arrange transshipments, which make a stop in another country on the way to their destinations to disguise the origin of the goods. Photo: Reuters

Press Trust of India
The head of an influential business advocacy on Indo-US ties has warned that forgoing a trade deal between the two countries will force the Trump administration to consider alternatives.

Observing that relationship does not work in silos, Mukesh Aghi, president of US-India Strategic and Partnership Forum (USISPF), said the alternatives could start with the suspension of Generalised System of Preferences (GSP) benefits and end with trade skirmishes over Twitter that hurt both the economies.

Last week, White House chief economic advisor Larry Kudlow said that discussions on a trade deal with India has begun. But he did not give any