US-India Trade Talks: Stalled Negotiations and Future Prospects
The US-India trade deal remains unsigned, with President Trump citing India's high tariffs as a major issue. Despite friendly ties with Prime Minister Modi, Trump points out the tariffs and expresses hope for the negotiations. The next round of discussions is scheduled for August 25.
President Donald Trump confirmed that a trade deal with India has not been finalized, citing India's high tariffs as a sticking point in the negotiations. Speaking aboard Air Force One, Trump highlighted the challenges of finalizing the deal, despite his friendly relations with Indian Prime Minister Narendra Modi.
Trump acknowledged the potential for higher US tariffs on India, noting the country's historically high tariff rates. He emphasized the importance of achieving a trade agreement beneficial to both parties, while also stressing America's negotiating stance on high tariffs imposed by India.
The next round of negotiations is set for August 25, as both countries work to resolve differences. This comes as part of broader trade negotiations following the announcement of high reciprocal tariffs by Trump, which were suspended to allow for continued dialogue.
(With inputs from agencies.)
Google News