India, Oct. 5 -- Many of the issues currently affecting India-US relations are linked to the inability to reach an understanding on trade, but any deal that is finalised has to respect New Delhi's red lines, external affairs minister S Jaishankar said on Sunday.

An understanding on trade is necessary because the US is the world's largest market but differences between the two countries have to be seen in proportion as some aspects of the bilateral relationship are continuing as "business as usual", Jaishankar said during a discussion with the theme of 'Shaping Foreign Policy in Turbulent Times' at the Kautilya Economic Enclave in New Delhi.

Jaishankar's address largely focused on the strategic consequences of unprecedented changes on th...