China & US like square & circle, that’s why we turned to India but it’s hard nut to crack: US
The United States and China have been engaged in a trade war for several years, with both countries imposing tariffs on each other’s goods. The tensions between the two nations have been escalating, and it seems that there is no end in sight to this trade dispute. Recently, US Trade Representative Jamieson Greer made a statement that highlights the difficulties in the trade relationship between the US and China. Greer compared the economies of the two countries to a square and a circle, suggesting that they are fundamentally incompatible.
According to Greer, the economies of the US and China are like a square and a circle that don’t sit together. This analogy suggests that the two countries have different economic systems, values, and principles that make it challenging to reconcile their differences. The US has a market-based economy, while China has a mixed economy with a significant role for the state. These differences have led to tensions and conflicts between the two nations, particularly in the area of trade.
The trade war between the US and China has had significant implications for the global economy. The tariffs imposed by both countries have increased the cost of goods, reduced trade, and slowed down economic growth. The US has been seeking to diversify its trade relationships to reduce its dependence on China. One of the countries that the US has turned to is India.
India is a significant market for US goods, particularly agricultural products. The US has been seeking to increase its exports of crops such as soybeans, corn, and wheat to India. However, Greer noted that there is resistance in India to row crops, which are crops that are planted in rows, such as corn and soybeans. He described India as a “very difficult nut to crack” when it comes to negotiating a bilateral trade agreement.
The US has been trying to negotiate a trade agreement with India for several years, but the talks have been slow and difficult. India has been seeking to protect its domestic industries, particularly in the agricultural sector. The country has imposed tariffs and other trade barriers to limit imports of agricultural products. The US has been pushing India to reduce these barriers and open up its market to US exports.
Despite the challenges, the US is keen to pursue a trade agreement with India. The country is a significant market for US goods, and a trade agreement could help to increase US exports and create jobs. The US is also seeking to counterbalance the growing influence of China in the region. India is a key player in the Indo-Pacific region, and a trade agreement with the US could help to strengthen ties between the two countries.
The US-India trade relationship has been growing in recent years, but there are still significant challenges to be overcome. The two countries have different economic systems, and there are concerns about trade deficits and intellectual property rights. However, both countries are committed to negotiating a trade agreement that will benefit both parties.
In conclusion, the trade relationship between the US and China is complex and challenging. The economies of the two countries are like a square and a circle that don’t sit together, making it difficult to reconcile their differences. The US has turned to India as a potential partner for a bilateral trade agreement, but negotiations have been slow and difficult. India is a significant market for US goods, but there is resistance to row crops, and the country is a “hard nut to crack” when it comes to trade negotiations. Despite the challenges, the US is keen to pursue a trade agreement with India, and both countries are committed to negotiating a deal that will benefit both parties.
The future of the US-India trade relationship is uncertain, but it is clear that both countries have a lot to gain from a trade agreement. The US can increase its exports of agricultural products and other goods, while India can attract more investment and create jobs. The trade agreement can also help to strengthen ties between the two countries and counterbalance the growing influence of China in the region.
As the trade negotiations between the US and India continue, it is essential to keep a close eye on the developments. The outcome of the negotiations will have significant implications for the global economy and the trade relationships between the US, India, and China.
Source: https://x.com/Sputnik_India/status/1998714309367521298
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