India: Trade Negotiations with America Reach a Dead End
New Delhi - Afaq News - Indian Finance Minister Nirmala Sitharaman announced that negotiations between India and the United States regarding a trade agreement have reached a dead end. Sitharaman explained that making concessions or demands beyond this point would be 'extremely difficult' for both countries. She added, 'It is possible, if the conditions are met...
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New Delhi - Afaq News - Indian Finance Minister Nirmala Sitharaman announced that negotiations between India and the United States regarding a trade agreement have reached a deadlock.
Sitharaman explained that making concessions or demands beyond this point would be "extremely difficult" for both countries.
She added: "It is possible, if there is room for maneuver, for India and the United States to act accordingly."
U.S. President Donald Trump announced last February a new trade agreement with India, stating at the time that the United States would reduce reciprocal tariffs on imports from India from 25% to 18%, while New Delhi would reduce its tariffs to zero.
Source: Ma'an News Agency
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