College students from Gurukul College of Artwork, carry a poster of Prime Minister of India Narendra Modi and U.S. President Donald Trump on India outdoors their faculty. U.S. President Donald Trump imposed a 25% tariff on India together with penalties for getting oil and navy equipments from Russia.
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A scheduled go to by U.S. commerce representatives to New Delhi later this month has been known as off, in keeping with Indian information broadcaster NDTV Revenue.
The go to that was anticipated to happen between Aug. 25 and Aug. 29 will doubtless be rescheduled, NDTV reported, citing folks conversant in the matter.
The report comes at a time when commerce relations between the 2 nations have soured with U.S. President Donald Trump imposing a 25% blanket tariff on Indian exports, and topping these with further 25% in duties — anticipated to return into impact on Aug. 27 — as a “penalty” for India buying Russian crude.
Each side are involved with one another, however a brand new schedule for talks not been finalized, the report stated.
Trump’s cumulative 50% tariff price on India is among the many highest on any of the U.S.’ buying and selling companions, and has drawn a pointy response from New Delhi.
India has stated it was being focused unfairly, whereas calling out the EU and the U.S. on their persevering with commerce with Russia. “It’s revealing that the very nations criticizing India are themselves indulging in commerce with Russia. In contrast to our case, such commerce shouldn’t be even an important nationwide compulsion [for them],” the nation’s overseas ministry stated in an announcement earlier this month.
India’s Ministry of Commerce and Business, and the Workplace of the usTrade Consultant didn’t instantly reply to CNBC’s request for feedback.
The U.S. is India’s single largest export associate, with practically 20% of its general exports, or $86.51 billion price of products, shipped to the U.S. in fiscal 12 months ended March 2025, in keeping with the newest official knowledge.
Learn the complete NDTV story right here.
