The United States has paused trade negotiations with India, originally scheduled for late August in New Delhi, according to Indian media reports. The delay is a setback for Indian businesses already facing steep U.S. tariffs currently at 25% and set to rise to 50% on August 27, the highest imposed on any country. Talks, ongoing since February, remain deadlocked over U.S. demands to open India’s farm and dairy sectors and reduce imports of Russian oil. The pause comes as Prime Minister Narendra Modi calls for greater self-reliance, while Indian exporters brace for mounting economic pressure.
petepro on
I mean what is the point. India has signaled that they don’t willing to even compromise on importing oil from Russia (not that important to them politically). Good luck touching any actual industry.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
2 Kommentare
**Submission Statement:**
The United States has paused trade negotiations with India, originally scheduled for late August in New Delhi, according to Indian media reports. The delay is a setback for Indian businesses already facing steep U.S. tariffs currently at 25% and set to rise to 50% on August 27, the highest imposed on any country. Talks, ongoing since February, remain deadlocked over U.S. demands to open India’s farm and dairy sectors and reduce imports of Russian oil. The pause comes as Prime Minister Narendra Modi calls for greater self-reliance, while Indian exporters brace for mounting economic pressure.
I mean what is the point. India has signaled that they don’t willing to even compromise on importing oil from Russia (not that important to them politically). Good luck touching any actual industry.