U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call
Ties between the U.S. and India have been under strain for over a year, and New Delhi faces fresh risk of up to 100% tariffs for continuing to buy Russian oil.
TL;DR
- U.S. trade representative Jamieson Greer stated that a trade deal with India is not imminent.
- Key disagreements persist, particularly India's continued oil purchases from Russia.
- India seeks to protect its agricultural sector and preferential tariffs.
- A recent phone call between President Trump and Prime Minister Modi was described as 'constructive' but did not resolve key issues.
- India faces the risk of up to 100% tariffs from the U.S. for buying Russian oil.
- Trade talks are complicated by global supply constraints and geopolitical factors.