US Seeks Balanced Trade With India— Deputy Secretary Christopher Landau Says 'Won't Repeat China Mistakes'

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Mar 06

U.S. Deputy Secretary of State Christopher Landau has stressed the importance of a balanced and mutual trade agreement with India during his speech at the Raisina Dialogue in New Delhi on Thursday. ...

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He anticipates the 21st century to witness the \"rise of India\", due to its demographic size, economic potential, and strategic relevance.\nLandau’s remarks pointed to U.S. policy errors that aided China's emergence as an economic powerhouse. \nThe Deputy Secretary is most probably referring to the time around China's entry to the World Trade Organization (WTO). From 1980–2000, China's Most Favored Nation (MFN) status was reviewed annually by the U.S. Congress, often linked to political issues. In 2000, Congress granted China permanent normal trade relations (PNTR) under former President Bill Clinton, ending yearly reviews. A year later, China entered the WTO.\nHe contextualized his comments within President Donald Trump‘s \"America First\" foreign policy strategy, asserting that U.S. diplomacy should primarily serve American national interests. \nIndia was always a contender, he said, but tariffs, regulatory complexity, and execution risk slowed progress. \nLandau’s comments also come as China has set its lowest economic growth target since the 1990s this week, amid what it called exceptionally “grave and complex” challenges. \nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.\nImage via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}