India pushes ahead with US trade talks despite tariff hike to 50%
Summary
India aims to continue trade negotiations with the US despite America doubling tariffs on Indian exports to 50% due to India's purchase of sanctioned Russian oil.
Key Points
- India hopes trade talks with the US will proceed despite the US raising tariffs on Indian goods to 50%.
- The US imposed an additional 25% tariff, making the total duty on Indian exports to the US 50%, the highest among American trading partners.
- Trade talks, including a scheduled sixth round visit from a US trade delegation, remain planned for August 25.
- Concerns were raised over Pakistani army chief Asim Munir's reported nuclear threats towards India, which were condemned by India’s external affairs ministry.
