US-India trade talks stall as Trump imposes 25% tariffs - SCMP

Published 01/08/2025, 15:28
© Reuters

Investing.com -- Trade negotiations between the United States and India have stalled as both countries remain unwilling to compromise on opening India’s agriculture and dairy markets to American products, according to South China Morning Post, citing two sources familiar with the matter.

Indian negotiators have canceled a planned mid-August visit to Washington that was intended as a follow-up to meetings held about two weeks ago. The cancellation came after US President Donald Trump announced on Wednesday that he would impose 25% tariffs on imports from India.

The breakdown follows five rounds of negotiations conducted between April and July, which began after Trump threatened India with 25% "reciprocal tariffs" on April 2.

In a social media post on Thursday, Trump escalated his rhetoric against India, describing its economy as "dead" and claiming the US has "done very little business" with the South Asian nation due to tariffs. The president also criticized India for what he called "the most strenuous and obnoxious non-monetary Trade Barriers of any Country."

Trump’s criticism extended beyond trade issues to India’s relationship with Russia. He specifically highlighted India’s military purchases and called the country "Russia’s largest buyer of ENERGY, along with China." Trump connected these transactions to the war in Ukraine, stating these purchases occur "at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE."

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.