US President Donald Trump earlier today closed the doors for any further negotiations when he said that there will be no trade negotiations with India until a dispute over tariffs is resolved.
Speaking to reporters at the White House on Thursday (Aug 7), Trump said that he does not expect increased trade negotiations with India after imposing the tariff. He shrugged his shoulders at the reporter’s question and said that he wants to first resolve the issues. While Trump did not clearly mention what issues he is referring to, his statement seems to hint at India’s oil purchase from Russia, due to which the US has imposed an additional 25 per cent levy on the country.
To assess the impact of these steep tariff hikes recently imposed by the US on Indian exports, Prime Minister Narendra Modi was set to chair a crucial high-level Cabinet meeting on Friday at 1 pm. There were no updates available from this meeting at the time of recording.
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