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India delays U.S. trade deal amid U.S. tariffs and ongoing negotiations.
India is delaying a U.S. trade deal due to new U.S. investigations into industrial overcapacity in 16 nations, including India, and shifting U.S. tariff policies following a Supreme Court ruling.
Though both nations had agreed in February on an interim deal involving reduced Russian oil purchases, lower tariffs on U.S. goods, and $500 billion in American product buys, negotiations have stalled.
The U.S. has imposed a 10% tariff on all imports through July 24, while India has only diversified its oil supply.
India denies halting talks, stating discussions continue, but officials are adopting a wait-and-see approach amid uncertainty over tariffs and commitments.
India retrasa el acuerdo comercial de los Estados Unidos en medio de aranceles estadounidenses y negociaciones en curso.