None
EN
Trump's new H-1B firewall expands US protectionism against India, threat to USD 190 bn service exports: Report
[]
theusnews.com latest rss headlines
The report said Trump's decision extends his anti-India trade offensives beyond the merchandise trade deficit and poses a fresh threat to India's USD 190 billion services export industry.
It stated 'Trump's H-1B Firewall Expands US Protectionism Against India.....escalate US protectionism, targeting India's IT sector and threatening its USD 190 billion services export industry.'
The research noted that the Trump administration's new H-1B visa restrictions, imposing a steep USD 100,000 fee, risk reshaping US-India economic ties and India's macro-financial stability.
The White House has defended the move, arguing that the H-1B visa program has led to wage suppression and job displacement for American workers.
According to the report, extending such non-tariff barriers to services broadens uncertainty in bilateral ties and adds friction in trade.
['visa'
'threat'
'report'
'trade'
'cent'
'protectionism'
'service'
'usd'
'trumps'
'h1b'
'exports'
'trump'
'25'
'services'
'india'
'firewall']