New Delhi | Jagran News Desk: With less than 72-hours remaining for his India visit, US President Donald Trump on Thursday (Local Time) said that there can be a tremendous trade deal between the two nations but he also stated that the deal could be delayed if it is not good enough.

"We're going to India, and we may make a tremendous deal there," Trump said as reported by PTI, in his commencement address at the Hope for Prisoners Graduation Ceremony in Las Vegas.

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During his commencement address, Trump also indicated that the talks on this might slowdown if he did not get a good deal. He also insisted that if the deal is not good enough then it could be delayed as he is putting America first. 

"Maybe we'll slow down. We'll do it after the election. I think that could happen too. So, we'll see what happens. But we're only making deals if they're good deals because we're putting America first. Whether people like it or not, we're putting America first," Trump said.

Trump, accompanied by First Lady Melania Trump, is scheduled to travel to Ahmedabad, Agra and New Delhi on February 24 and 25. Ahead of the visit, there have been talks about India and the United States agreeing on a trade package as a precursor to a major trade deal.

As per a fact sheet issued by the Council on Foreign Relations (CFR), trade in goods and services between the two countries from 1999 to 2018 surged from USD 16 billion to USD 142 billion. India is now the United States' eighth-largest trading partner in goods and services and is among the world's largest economies.

India's trade with the United States now resembles, in terms of volume, the US' trade with South Korea (USD 167 billion in 2018) or France (USD 129 billion), said Alyssa Ayres from CFR.

"The United States for two years now has set out in stone pretty clearly the things that they wanted to see to try to get an agreement, and it's basically then on India's doorstep on whether they want to take those steps," Rick Rossow, Wadhwani Chair in US-India Policy Studies at the Center for Strategic and International Studies think-tank told reporters during a conference call.

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"The list of US asks has been pretty static all throughout. Not to say that any of these things are easy for India to do, but the United States to my knowledge didn't change the goalposts just because we now consider India to be a middle-income country. The things that we wanted to see happen to get this trade agreement have been pretty static all throughout, no matter how difficult they are," he said in response to a question.

 

(With PTI Inputs)

Posted By: Talib Khan