mo4ch:>US becomes India’s top trading partner, surpassing China despite tariff row | Mo4ch News

Bilateral trade between the US and India reached some $87.95 billion in 2018-19, making Washington New Delhi’s new top economic partner, despite President Trump’s increased pressure to negotiate a better deal for his country.The US has surpassed China in terms of bilateral trade with India last year, according to the commerce ministry data, and the trend only increased in April-December 2019 despite the trade disagreements between New Delhi and Washington.India had a trade surplus of $16.85 billion with the US in 2018-19 financial year (with total trade standing at $87.95bn, compared to $87.07bn with China) – which ironically is one of the top complaints of President Donald Trump who is aggressively seeking ways to reduce America’s trade deficit.Also on rt.comUnpleasant surprise for Washington? US oil sanctions on Iran force India to look to RussiaTrade tensions between Washington and New Delhi reached new heights last year after the US pulled India from its “Generalized System of Pre…