US tariffs looming, India looks at easing non-trade barriers, relaxing Chinese FDI

WITH SOME dialling down of tensions between India and China along the border, policy makers are more open to upgrading bilateral economic relationships now. It is being viewed as an opportune time, particularly when US President Donald Trump is pushing India to the corner on reducing tariffs and forcing it to agree to terms set by Washington, especially on tariffs. According to sources aware of developments, discussions are on between departments to dilute or neutralise some of the restrictions on trade and investments that were put in place five years ago after clashes between Chinese and Indian soldiers in Galwan…