India-U.S. Trade Tensions Escalate Amid High Tariffs
Finance Minister Nirmala Sitharaman confirmed ongoing diplomatic engagements with the US to address the steep 50% import duty imposed on Indian goods. The tariff impacts vital export sectors like shrimp and textiles. Despite strained trade relations, dialogues for a bilateral agreement continue.
- Country:
- India
Finance Minister Nirmala Sitharaman announced on Tuesday that India's diplomatic teams are actively engaging with the US following the imposition of a steep 50% tariff on Indian goods.
The hefty import duty, effective since August 27, is challenging for India's export sectors, especially those focusing on shrimp, textiles, leather, and footwear.
Sitharaman mentioned during the NDTV Profit GST Conclave 2025 that India remains open to trade negotiations, underscoring the importance of continuing dialogue despite the current strain in India-US trade relations.
Advertisement
Google News