India and US looking to sign trade deal when Donald Trump visits India. US-China trade deal could suffer "collateral damage" from coronavirus outbreak.
Do We Have A Deal?: US Trade Representative Robert Lighthizer and Commerce and Industry Minister Piyush Goyal will reportedly meet in the second week of February when the former visits New Delhi to finalise the terms of a trade deal between the two countries. The deal - which could be followed by a far-ranging free trade agreement - is pegged above $10bn and could be signed when US President Donald Trump visits India, which could be as early as February 24-25. ET
Unintended Consequences: The coronavirus outbreak in China could hurt Beijing's meeting the terms of the recently-signed Phase One trade deal with the US. China had committed to an 88.3% increase in imports of manufactured goods from the US. But as reports of infections spread across the country and the death toll rises, demand would be disrupted and the government would be preoccupied with containing the fallout. This could mean that the trade deal would suffer "collateral damage", also prolonging the path to a Phase Two deal, if not hurting it altogether. CNBC
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