College students from Gurukul Faculty of Artwork, carry a poster of Prime Minister of India Narendra Modi and U.S. President Donald Trump on India outdoors their college. U.S. President Donald Trump imposed a 25% tariff on India together with penalties for getting oil and navy equipments from Russia.
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A scheduled go to by U.S. commerce representatives to New Delhi later this month has been referred to as off, in keeping with Indian information broadcaster NDTV Revenue.
The go to that was anticipated to happen between Aug. 25 and Aug. 29 will doubtless be rescheduled, NDTV reported, citing folks aware of the matter.
The report comes at a time when commerce relations between the 2 nations have soured with U.S. President Donald Trump imposing a 25% blanket tariff on Indian exports, and topping these with further 25% in duties — anticipated to come back into impact on Aug. 27 — as a “penalty” for India buying Russian crude.
Each side are involved with one another, however a brand new schedule for talks not been finalized, the report mentioned.
Trump’s cumulative 50% tariff fee on India is among the many highest on any of the U.S.’ buying and selling companions, and has drawn a pointy response from New Delhi.
India has mentioned it was being focused unfairly, whereas calling out the EU and the U.S. on their persevering with commerce with Russia. “It’s revealing that the very nations criticizing India are themselves indulging in commerce with Russia. Not like our case, such commerce will not be even a significant nationwide compulsion [for them],” the nation’s overseas ministry mentioned in a press release earlier this month.
India’s Ministry of Commerce and Trade, and the Workplace of the united statesTrade Consultant didn’t instantly reply to CNBC’s request for feedback.
The U.S. is India’s single largest export companion, with almost 20% of its general exports, or $86.51 billion price of products, shipped to the U.S. in fiscal yr ended March 2025, in keeping with the most recent official knowledge.
Learn the total NDTV story right here.
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