US-India trade talks have been put on hold by the western country.
US trade representatives were set to visit to New Delhi, now they are not.
The visit that was expected to take place between August 25 and August 29 will likely be rescheduled.
As of now, there is no information that when talks will be held again. No official statement has been released in this regard.
It is pertinent to mention that Trump’s cumulative 50 per cent tariff rate on India is among the highest on any of the US trading partners, and has drawn a sharp response from New Delhi.
Earlier this month, US President Donald Trump imposed an additional 25 per cent tariff on Indian goods.
In a statement, the Foreign Ministry said that India is being unfairly singled out for buying Russian oil while the US and its ally, the European Union (EU), themselves continue to purchase goods from Russia.
The delay in negotiations deals a blow to Indian manufacturers who were hoping to get some relief before the remaining tariff on Indian goods kicks in.
So far, India and the US have held five rounds of negotiations, which have resulted in a stalemate over disagreement on opening India’s vast farm and dairy sectors and stopping Russian oil purchases.
