PM Modi and US President Donald Trump
The sixth round of business talks between India and the US regarding the trade deal, which was to be held in New Delhi from 25 to 29 August. He has been postponed. According to the source, the US trade team’s visit to India for the next round trade deal between the two countries is likely to be redeemed. The US team was scheduled to visit India on 25 August for the sixth round of talks.
Increased uncertainty on bilateral trade agreement
According to media reports, the US delegation has canceled its visit, which has increased uncertainty on the bilateral trade agreement (BTA). The reason for this is to apply 50% tariffs on Indian goods by the US, with 25% tariffs from August 7 and an additional 25% will be effective from August 27 as a punishment for purchasing oil from Russia.
Trump imposed additional tariff
The team had to pursue talks on bilateral trade agreement between the two countries, which is particularly important at this time, as US President Donald Trump has announced a 25% duty on Indian goods on Russian oil imports, which is in addition to 25% tariffs imposed earlier.
This meeting was to be held around 27 August
The talks would have been a sixth round of talks on the bilateral trade agreement between the US and India and its time was also important. Because it was to be around August 27, when the additional 25% tariff was about to apply. The talks were taking place before the September-October deadline, which was being targeted to finalize the agreement. However, sources said that the program of talks is likely to be re -determined.
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