President Barack Obama announced a host of new trade deals with India supporting tens of thousands of U.S. jobs Saturday as he began a 10-day trip through Asia on a determinedly domestic note.
Obama announces $10 billion in business deals
President Barack Obama announced $10 billion in business deals on Saturday , but he ran into immediate controversy over Pakistan.
Obama flew into Mumbai, India's financial hub, and announced the United States would also relax export controls over sensitive technology, a demand of India's that will help deepen U.S. ties with the emerging global power and its trillion dollar economy.
While most of the announced deals had been pending for months, Obama's visit, the first leg of a 10-day Asian tour, has been hailed as moving the United States closer to India as Washington tries to revive a weak economy and gather support to pressure China on its currency.
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