Denis Rozhnovsky/Adobe Stock
It is too early to talk of the direction US-India relations will take under US President Joe Biden’s administration.
But Indian trade circles are keeping a close eye on trade-related developments with a hopeful eye.
Hopes for better US-India relations
Much of the hope for better US-India relations focuses on the desire that the US will focus more on its bilateral ties with India because of the former’s strained relation with China, and why the US would benefit from such a move.
China will be on the new US administration’s mind as it assesses the Indo-US trade relationship. For now, though, the Biden administration has made it clear it would not considering any new free trade deals. Furthermore, it’s unclear whether the Biden administration will maintain or rescind existing Section 232 steel and aluminum tariffs.