India-US trade relations under stress; India hopes US to sign a bilateral trade pact, not a trade war
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India-US trade relations are under stress after Delhi slapped retaliatory tariffs on some US products & Washington ends preferential benefits for Indian exports worth $6.35 billion. The issue can be taken during Mike Pompeo's visit to India next week. India prohibits e-commerce companies with FDI from selling products via firms where they have equity interests. The US has also flagged its concerns on India's draft e-comm policy.