India, U.S will fix their trade disputes: Minister

Trade deals are not simple arithmetic but much more complicated as they involve a number of variables, External Affairs Minister S. Jaishankar has said, exuding confidence that India and U.S will 'find a fix' to their trade disputes with intense engagement going on between the two countries.

Trade tensions between India and the U.S have been rising with American President Donald Trump complaining that tariffs imposed by New Delhi on American products were "no longer acceptable".

Trump, championing his 'America First' policy, has been a vocal critic of India for levying "tremendously high" duties on U.S products.

He has described India as a "tariff king".

Ahead of the New Delhi visit of U.S Commerce Secretary Wilbur Ross for trade talks with his Indian counterpart Union Commerce Minister Piyush Goyal, Jaishankar said he was hopeful that something will come out of this ongoing intense engagement between officials of the two countries on trade issues.

"My understanding of the conversations is that he (Goyal) has had with his counterpart and (that) his officials, have had team to team - that there's been a very intense engagement. I am hopeful that something would come out of it," Jaishankar told a meeting of U.S corporate bodies during an event organised by U.S India Strategic and Partnership Forum.

Trade officials from the two countries would naturally want progress on what are considered to be the outstanding issues, he said.

"But I think there's also some desire to look beyond. So when people speak about what's gonna be the a trade deal, we'll have to see about that goes," he said.

(Agencies)