US Imposes Tariffs on India Amid Stalled Trade Talks
🖼️ Image credit: indianexpress.com
📂 Category: World News
📰 Source: indianexpress.com
🗓️ Published: 2025-08-13T17:51:24+05:30
US Treasury Secretary Scott Bessent described India as "recalcitrant" in ongoing trade negotiations with the US, even as President Trump recently imposed new tariffs on Indian goods.
Bessent expressed optimism about reaching substantial trade agreements with major countries by October, despite acknowledging challenges.
Trump's new tariffs, including a 25% levy on India's Russian oil imports, were justified by the President as a blow to Russia's economy.
India's Ministry of External Affairs responded by calling the tariffs "unjustified and unreasonable" promising to protect its interests.
The timing coincides with upcoming bilateral trade talks and Prime Minister Modi's planned UNGA visit in September, where a meeting with President Trump is anticipated..