U.S. Team Frustrated with India Over Trade Talks
U.S. Treasury Secretary Scott Bessent has stated that President Trump and his administration are growing increasingly frustrated with India over delays in finalizing a trade agreement. He described India’s approach as slow and unresponsive despite early enthusiasm for negotiations.
Concerns Over Russia Ties Add to Tension
Bessent noted that India’s continued oil imports from Russia, along with resale of refined fuels to global markets, have added to the U.S. administration’s concerns. This issue, combined with unresolved trade barriers, has pushed Washington to take a tougher stance.
25% Tariff Imposed; Further Penalties Expected
As part of its response, the United States has imposed a 25% tariff on Indian imports starting August 1. In addition to this, officials hinted at additional penalties linked to India’s energy and defense ties with Russia. Details of these measures are expected to be announced if talks remain stalled.
India Responds, Seeks Balanced Deal
The Indian government has expressed disappointment over the new tariffs but remains open to dialogue. Officials reiterated that any trade deal must respect India’s sovereign decisions, especially in key areas such as agriculture, energy security, and defense.
Talks at Crossroads as Global Impact Looms
Observers say that the rift could impact broader economic ties between the two countries. While the U.S. wants India to open its markets and align more closely on strategic matters, India insists on preserving autonomy in foreign policy and trade decisions. With both sides unwilling to back down, the fate of the trade deal remains uncertain.
