US-India Trade Talks Postponed Amid Tariff Tensions
The US has deferred visiting India for the next round of bilateral trade agreement talks, initially scheduled for August 25-29. Tensions over US tariffs on Indian goods, especially in agriculture and dairy, influence discussions. Aiming to double bilateral trade to $500bn by 2030, talks resume later.
- Country:
- India
The United States has decided to push back its scheduled trip to India for further discussions on a proposed bilateral trade agreement. This postponement comes amidst increasing tensions due to the US's decision to impose a 50 percent duty on Indian goods, sparking significant debate and concern.
Having already completed five rounds of dialogue, the US team was expected in India from August 25 to 29 for the sixth round. However, an official confirmed that the visit will be rescheduled, highlighting issues in key sectors like agriculture and dairy which affect small-scale Indian farmers.
The bilateral trade agreement aims for completion by fall 2025, striving to boost trade to $500 billion by 2030. Despite these tariffs, Indian exports to the US have grown by 21.64 percent, even as the additional 25 percent penalty tariff takes effect starting August 27.
(With inputs from agencies.)
ALSO READ
Smart agriculture shows big gains in productivity, Ecuadorian farmers still struggle with costs
Next-gen agriculture: Non-destructive tech emerges as key to healthier crops and food security
Empowering Farmers: Central Government's Commitment to Agriculture
Seeding Space: New Frontiers for Earth's Agriculture
Food Safety Concerns Arise over Kamdhenu Dairy Milk
Google News