US-India trade talks scheduled for August called off, source says
Summary
US-India trade negotiations scheduled for August have been called off, delaying talks on a proposed agreement and additional US tariffs on Indian goods will take effect from August 27.
Key Points
- A planned visit by US trade negotiators to New Delhi from August 25-29 has been called off, delaying trade talks.
- The delay affects negotiations on a proposed bilateral trade agreement between the US and India.
- US President Donald Trump imposed an additional 25% tariff on Indian goods due to India's continued imports of Russian oil.
- The new tariffs will come into effect on August 27, reaching duties as high as 50% on some Indian exports to the US.
