Washington: US Commerce Secretary Howard Lutnick has warned that India could lose access to the United States market if it refuses to purchase US-grown corn. The Commerce Secretary's latest comments have
come on a day when top Washington negotiator is visiting India and will be engaging in high-stakes trade talks.Howard Lutnick also warned of tough times for India if it does not lower tariffs on US imports to the country, saying the trade between the two nations is just one-way traffic.Lutnick said that India exports its products to the United States while restricting American imports into its own market.
Speaking during an interview with Axios, Lutnick said, "They sell to us and take advantage of us. They block us from their economy, and they sell to us while we are wide open for them to come in, take advantage."Adding to his argument, Lutnick further said, "India brags that they have 1.4 billion people. Why won’t 1.4 billion people buy one bushel of US corn? Doesn’t that rub you the wrong way—that they sell everything to us, and they won’t buy our corn? They put tariffs on everything."
https://www.youtube.com/watch?v=qJbK6wUNKac
Though the US Commerce Secretary claims trade between India and the US is one-way traffic, what America deliberately avoids mentioning every time it hits India is that it has a surplus in services.If India has a trade surplus in goods and items, the US has a surplus in services, which kind of balances the deal. But the United States only argues about what suits them.
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