India’s FM Jaishankar confirmed that bilateral trade talks with the U.S. are ongoing, even as fresh tariffs loom.
The U.S. has already imposed a 25% tariff, with another 25% set to take effect on August 27, raising the total to
50%.
India insists it must protect domestic priorities, especially the interests of farmers and small producers.
A planned visit by a U.S. trade delegation to Delhi has been cancelled, dampening hopes of a breakthrough.
Capital Economics warns that the full implementation of these tariffs could cut India’s annual growth by n
early 0.8%.
The trade value between the nations stands at over $190 billion, underscoring high bilateral stakes.
Jaishankar criticized the inconsistency in U.S. policy, pointing out that similar scrutiny hasn’t targeted other major buyers of Russian oil.
India signals a firm stance on strategic autonomy amid rising global protectionism.
Export-sensitive sectors remain highly vigilant amid diplomatic uncertainty.
Trade outcomes may now hinge on broader geopolitical shifts, not just tariff
s.