U.S.-India relations was once marred by political indifferences and deep mistrust, but U.S. is now set to improve synergies and economies ties between the two.
"Many of [these tariffs] have been pending for years and we've agreed to bury the hatchet on those," Tai said.
While a traditional free-trade agreement can be "tremendously powerful in accomplishing certain goals" especially in liberalizing trade, Tai said that framework also comes with costs.
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