US Withdraws from Trade Talks with India
(MENAFN) American trade representatives have reportedly withdrawn from a scheduled visit to New Delhi for the sixth session of negotiations on a bilateral trade pact, according to Indian news sources.
The delegation, which was to be led by Assistant US Trade Representative Brendan Lynch, had planned to be in India from August 25 to August 30.
However, the visit has now been called off, a news agency disclosed, referencing an unnamed official within the Indian administration.
“From their (US) side, the trade negotiations (are) halted, whether (this is) forever or temporary, there’s still no idea,” the source informed the publication.
“They said they won’t come for the August 25 meeting.”
This reported cancellation emerges during a period of mounting trade friction between the two countries.
Tensions have intensified following President Donald Trump’s decision to apply a 25% tariff on goods imported from India, with an additional 25% levy set to be enforced on August 27 in response to India’s continued procurement of Russian oil.
Efforts to secure a trade arrangement between New Delhi and Washington have hit a roadblock, largely due to India’s reluctance to open its agricultural and dairy markets more extensively to US exports.
Adding to the situation, Indian Prime Minister Narendra Modi stated on Friday that his administration will “stand like a wall” to defend the interests of the country’s farming community.
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