What is the current state of the U.S.-India trade relationship, and how might proposed tariffs affect it?

The United States and India maintain a generally positive trading relationship, though it faces significant challenges due to a substantial trade imbalance. Currently, there exists a $50 billion trade deficit that favors India, meaning India exports far more goods to the U.S. than it imports from America. This trade deficit has become a focal point for policy discussions, particularly as the current administration considers implementing broad tariffs on trading partners, including both allies and other nations. Such tariff policies could potentially reshape the economic dynamics between the two countries and impact their otherwise cooperative trade relationship.