India, Aug. 12 -- Ahead of the August 25 talks, President Donald Trump has doubled tariffs on Indian goods to 50 per cent, citing oil and defence purchases from Russia, while underlying tensions stem from US pressure to cut India's food import tariffs from 40.2 per cent to zero
Five rounds of trade talks between India and the US have failed to resolve key differences, and before the scheduled sixth round on 25th August, US President Donald Trump imposed a 25 per cent tariff on India, doubling it a week later as a penalty for India's purchase of defence equipment and oil from Russia. The main friction is the US demand for India to open its agriculture, dairy, and fisheries sectors, reducing India's average food import tariff from 40.2 per...
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