Amid increasing prospects of trade war internationally, an official from the US Trade Representative has said the recent retaliatory measure by India against America’s import tariff on steel and aluminum was not “appropriate”.
The official is Deputy USTR Jeffrey Gerrish who said a Washington audience that the last year’s reduction in US-India trade deficit was not satisfactorily enough.
Gerrish said that India is approaching this as a safeguard metric that we have imposed and thus have imposed retaliatory measures.
The official was addressing the first Annual Leadership Summit of US India Strategic and Partnership Forum (USISPF).
He also said that India should have at least postponed the retaliation until August 4.
Responding to a question on Indo-US bilateral trade, Gerrish said the progress made in bilateral relationship has been truly historic over the last several years.
The Trump administration, he said, hopes to grow trade with India to build new platforms.>