Defense Business and Industry

U.S. Treasury Secretary Calls India Difficult Amid Trade Tensions

The U.S. Treasury Secretary described India as “a bit recalcitrant” amid escalating trade tensions following President Trump’s announcement of a 50% tariff on Indian imports, primarily due to India’s purchase of Russian oil. India’s Ministry of External Affairs condemned the tariffs as “unfair” and is committed to protecting its national interests. Despite the tariff dispute halting trade negotiations, there is optimism in New Delhi for ongoing discussions, with a U.S. trade delegation scheduled to visit shortly. This situation highlights the complex interplay of trade and geopolitics, as both nations navigate their broader strategic partnership beyond these economic challenges.

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