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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."
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