Washington Cancels Trade Talks with New Delhi

The ⁣planned​ trip of U.S. trade‌ negotiators to India ‌has been canceled for unspecified‌ reasons adn postponed to a later date.

According to the English section of webangah News Agency, citing Mehr​ News‌ Agency and Reuters, India’s NDTV reported the cancellation of the scheduled visit ⁤by Washington’s​ negotiation team to ‌New Delhi for trade talks ⁢with India.

The network,‍ citing informed sources, stated that ⁢the trip ‌was planned​ for August 25 to 29.Consequently, negotiations over the proposed ⁢bilateral trade agreement‌ between the‌ two countries will be delayed.

The current round of talks on the proposed trade deal will now take place at‍ a future date. This advancement dims hopes for some relief ahead of the August 27 deadline, when additional tariffs on Indian goods are set to take effect.

Early in August, ⁢U.S. President Donald Trump imposed‍ a 25 percent additional ‌tariff on Indian products, citing India’s continued crude oil purchases from Russia. This move has heightened tensions between Washington and New ⁤Delhi.The‍ extra tariff raises duties on Indian exports​ to a total rate of 50 percent.

⁢News Sources: © webangah News Agency,Mehr News Agency,Reuters

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