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Trade deal between US & India unlikely in next 4 years, says former White House economic adviser

Added 09-25-20 05:37:02am EST - “Trade deal between US & India unlikely in next 4 years, says former White House economic adviser” - Rt.com

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Posted By TheNewsCommenter: From Rt.com: “Trade deal between US & India unlikely in next 4 years, says former White House economic adviser”. Below is an excerpt from the article.

That’s according to Todd Buchholz, who served as the director of economic policy at the White House under President George H.W. Bush.

He said as cited by the Economic Times that both US President Donald Trump and his opponent Joe Biden look at India amenably but have their own compulsions not to proceed with such a far-reaching deal.

“I find it difficult to imagine that in four years’ time, there could be FTA between the US and India,” Buchholz said.

The former adviser added that while Trump traveled to India in February and has a great relationship with Prime Minister Narendra Modi, he would be wary of going ahead with a deal as it could irk American farmers and also because of the wage differentials.

During his visit to India, the US president seemed optimistic about the future of what he called the “biggest ever made trade deals” and the economic ties between the countries in general. He said a deal will be signed by the end of year, despite his Indian counterpart being “a very tough negotiator.”

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