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The impact of US changes on trade agreements

  
  
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  A big 'blue storm' of the Democratic Party has come in the US Parliament and at the same time the India-US trade agreement has also reached its final stage. The Democratic Party now has full control of both the House of Representatives and the Senate, which is set to change some of America's domestic policies. Despite this, foreign policy and trade relations fall under the jurisdiction of the US President, which does not require the approval of Congress. Therefore, it is possible that there will be no significant change in the format of this trade agreement, which is being drafted for the last one and a half years. Although there is a lot of resentment among American consumers about import duties (tariffs) (because they believe it has increased inflation), all this will have no effect on this trade agreement. Trump's stance on tariffs may be blocked by Parliament, but it is not expected to have any impact on the upcoming Free Trade Agreement (FTA). Apart from this, it should also be remembered that there has been tension in India-US trade relations even during the Democratic Party government. For example, Joe Biden has shown no interest in entering into a free trade agreement with India, and Section 301 of the US Trade Act has been invoked against India during the tenures of both Bill Clinton and Barack Obama.
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