India, US fail to seal trade deal over differences on import duties

ICT products make up a minuscule $407 million, out of the $35.54 billion of total inbound shipments from the US, as of now

Differences over reduction in import duties on high-value US smartphones and gadgets have held up efforts by India and the US to finalise a trade package, said officials. However, both sides have continued to discuss issues and trade negotiators are hoping for a breakthrough by Thursday, they added. “Commerce and Industry Minister Piyush Goyal, along with Commerce Secretary Anup Wadhawan and other trade department officials, are in the US,” said the officials.
 
Prime Minister Narendra Modi will have a number of bilateral meetings on Thursday, one of which may see him sit with US President Donald Trump again. Addressing