Where Do US, India Trade Talks Stand Amid Tariff Tensions?
Bloomberg Television·2025-09-02 10:14
Trade Negotiations & Tariffs - US President Trump pressured India to eliminate tariffs via Truth Social as negotiations continue [1] - The US has imposed a 50% tariff on India [1] - India may have offered to cut tariffs to zero, but official confirmation from the Indian side is lacking [1][2] US-India Trade Relations - Dialogue between Washington and New Delhi is ongoing, but progress has stalled compared to a few months ago [2][3] - India was initially confident in securing a trade deal with the US in phases [3] - US officials have criticized India's stance, including accusations of recalcitrance and purchasing Russian oil [4] Future Outlook - The immediate goal is to de-escalate tensions and resume negotiations [5]