What are the main trade challenges between the United States and India, and what steps are being taken to address them?

The primary trade challenge between the US and India is the significant trade imbalance, with the US facing a nearly $100 billion trade deficit. India imposes extremely high tariffs ranging from 30-70% on American goods, with some cases exceeding this range. For example, US cars face a 70% tariff entering the Indian market, making them virtually impossible to sell competitively. To address these disparities, Prime Minister Modi has announced reductions to India's tariffs as a gesture of good faith. Both leaders have agreed to begin formal negotiations aimed at creating a more balanced trading relationship with greater fairness and reciprocity. The goal is to establish a level playing field that benefits both nations while strengthening their economic partnership alongside their defense cooperation.