Negotiations for a trade deal between the United States and India have been canceled, with talks originally scheduled for August 25-29. The consultations, ongoing since February, have been paused due to several contentious issues. India currently faces the highest tariffs from the US, including a pending 25% tariff that is expected to take effect shortly. The cancellation has upset Indian manufacturers, who anticipated relief from these tariffs. A previous escalation occurred when the US announced an additional 25% tariff over concerns regarding India's Russian oil imports, complicating the dialogue further.
The United States has canceled trade negotiations with India, which were scheduled to take place in New Delhi between August 25 and 29, according to media reports.
India is subject to the highest US tariffs, with the US levying a 50% tariff on Indian goods, the highest on any country globally.
Tensions between India and the US escalated when US President Donald Trump announced an additional punitive 25% tariff on Indian goods, citing India's import of Russian oil.
So far, India and the US have held five rounds of negotiations, which have resulted in a stalemate over disagreement on opening India's vast farm and dairy sectors and stopping Russian oil purchases.
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