This guide highlights eight ongoing trade issues between the U.S. and India, which will be worth watching if diplomacy intensifies. India and U.S. governments have distinguished themselves on a wide range of regional issues ranging from India`s cordial relations with Iran and Russia to foreign policy differences over Sri Lanka, Maldives, Myanmar and Bangladesh. Bilateral trade deficits. No top-U.S before. Trade concerns became a major concern when Trump passed an implementing regulation in 2017 that required an investigation into the largest U.S. trade deficits. India slightly narrowed the goods trade deficit with the United States from $US 24.3 billion in 2016, the tenth largest this year, to $US 23.3 billion in 2019, the eleventh largest.