Credited from: TRTGLOBAL
A planned visit by U.S. trade negotiators to New Delhi, initially scheduled for August 25-29, has been canceled, creating uncertainty for ongoing bilateral trade discussions. This decision comes at a critical time, as an additional 25% tariff on Indian goods is set to take effect on August 27, potentially raising tariffs on some exports to as high as 50%. The cancellation was confirmed by multiple sources, including Reuters and TRT World.
The increasing tariffs have escalated tensions between the two nations, with President Donald Trump imposing these additional charges due to India’s continued imports of Russian oil. India's Foreign Ministry has expressed strong objections, labeling the tariffs as "unfair, unjustified and unreasonable," and highlighting the inconsistency in U.S. actions, considering the ongoing purchases of Russian goods by the U.S. and EU, according to Newsweek and Indiatimes.
Negotiations between New Delhi and Washington have faced significant hurdles, particularly around issues related to agriculture and dairy sector access, alongside Russian oil purchases. These complications have resulted in the unsuccessful conclusion of five previous rounds of discussions, with reports suggesting that hopes for a resolution are dwindling, as highlighted by Reuters and TRT Global.