U.S. Treasury Secretary Critiques India's Trade Negotiation Progress
US Treasury Secretary Scott Bessent criticized India for slow progress in Free Trade Agreement talks, coinciding with President Trump’s announcement of a 25% tariff on Indian goods due to high tariffs and India’s ties with Russia. India’s Commerce Minister Piyush Goyal emphasized protection for vital agricultural sectors while highlighting India’s economic growth. Despite tensions, both nations continue negotiations for a mutually beneficial trade agreement set for completion by late 2025, suggesting a willingness to engage despite challenges. This situation reflects the intricate interplay between trade policies and broader geopolitical strategies, where India aims to balance domestic interests with international obligations.