India-US trade deal: US team may cancel August go to, says report; 50% Trump tariffs to take effect from August 27

Postponing or rescheduling the assembly is vital as a result of the US has imposed a big 50% on Indian merchandise. (AI picture)

India-US trade deal: As India appears at the potential of a 50% tariff on its exports to the US efficient August 27, the sixth spherical of trade deal talks between the 2 international locations may be postponed.An official advised PTI {that a} US team, initially set to go to India from August 25 for the following spherical of negotiations on the proposed bilateral trade settlement, is predicted to postpone the assembly. (*27*)Up to now, 5 rounds of discussions have been accomplished for the proposed bilateral trade settlement (BTA), and the US team was supposed to come to India for the sixth spherical. The negotiations had been deliberate for August 25-29. “This visit is likely to be rescheduled,” the official mentioned.Also Read | ‘Russia lost an oil client, which is India’: What Donald Trump mentioned earlier than meet with Putin; ‘secondary sanctions would be devastating…’

India talks robust on vital sectors

Postponing or rescheduling the assembly is vital as a result of the US has imposed a big 50% on Indian merchandise. The US is looking for elevated market entry in delicate sectors like agriculture and dairy, which India can not agree to as it could impression the livelihoods of small and marginal farmers. India has made it clear that it’ll not compromise the pursuits of its farmers and cattle rearers. The US and India have introduced their intention to finalize the primary part of the Bilateral Trade Agreement (BTA) by the autumn of 2025. Both international locations goal to greater than double their bilateral trade to $500 billion by 2030, up from the present $191 billion.Also Read | Trump sees a ‘dead economy’ – however US-based S&P Global upgrades India’s credit standing – right here’s whyA 25% tariff on Indian items getting into the US has been in place since August 7. An extra 25% tariff, imposed as a penalty for India’s buy of crude oil and army tools from Russia, will take effect on August 27. Between April and July, India’s exports to the US grew by 21.64 %, reaching $33.53 billion, whereas imports elevated by 12.33 % to $17.41 billion, as reported by the commerce ministry. The US was India’s largest buying and selling associate through the April-July interval of 2025-26, with bilateral trade amounting to $12.56 billion. Since April this yr, India’s exports to the US have been displaying optimistic development.