Hoping to set the tone for a broader agreement ahead of Trump's visit and smooth over the wrangling between trade negotiators, however, New Delhi is expected to ink a $2.6 billion deal for helicopters from USA arms contractor Lockheed Martin sometime in the coming weeks.
The two sides may also try to seal a limited trade deal before the visit so that it can be announced by Prime Minister Narendra Modi and Trump during the visit, an official said. In 2019, the President started calling India a "tariff king", complaining against high duties faced by Harley Davidson motorcycles.
Referring to his New Hampshire rally held a day earlier, which was attended by an estimated 40,000 to 50,000 people, the President said in a lighter vein that he might not feel so good with that number.
During his Washington DC visit in November, Commerce and Industry Minister Piyush Goyal had met Scott Walker, president of AdvaMed, the American medical device trade association.
"We might do something, we'll see, if we can make the right deal, we'll do it", Trump told reporters on Tuesday in the Oval Office. The visit comes five months after he joined Prime Minister Narendra Modi at the grand "Howdy, Modi" event in Houston, Texas.
Sardar Patel Stadium
"The visit will celebrate our two countries' close friendship and shared history, and reaffirm our commitments to stand together to address today's global challenges", Grisham said in a statement. Trump's visit follows Modi's tour of the US in September, during which he met with the US President in NY on the sidelines of the 74th session of the UN General Assembly.
Trade tensions between the two countries came to a head previous year after the United States dropped India from its "Generalized System of Preferences (GSP)", a trade mechanism which grants tariff exemptions for a number of favored allies.
This has now reduced to $16 billion, say Indian officials, given that New Delhi has ramped up imports, including energy, from the US. Out of this, only 3 lakh people have declared their income over Rs 50 lakh & 2,200 people over Rs 1 crore. And you know it is the largest stadium in the world. "It's nearly complete and it's the largest in the world", Trump said.
The main outcome of Trump's visit is likely to be finalisation of a trade deal. "India will pay an initial 15% instalment for the MH- 60R choppers under the US Foreign Military Sales (FMS) government-to-government deal". India has received foreign direct investment of $ 3.13 billion from the USA in 2018-19, up from $2 billion in 2017-18, according to Indian officials.
The Indian Express is now on Telegram.