In an escalation of trade tensions, the US has imposed new tariffs on India, stalling a much-anticipated trade deal. Former top US trade negotiator Mark Linscott analyzes the situation, suggesting President Trump’s motives are reshoring manufacturing and addressing trade deficits. Linscott, who was confident a deal would be struck by August 1st, points to the lack of direct communication between the US President and Prime Minister Modi as a contributing factor. He notes that President Trump’s statements on India’s Russian oil purchases and BRICS membership have complicated matters. Amid provocative rhetoric, Linscott advises against retaliation, suggesting, "I think what’s most important in coming days and perhaps even coming weeks is that there’s a cooling off period." A US team may visit Delhi in late August to resume negotiations for a larger bilateral agreement. #usindiatrade #trumptariffs #MarkLinscott #itwebvideos #tradewar #indiausrelations #marklinscott #donaldtrump #narendramodi #tradetalks #tariffs #foreignpolicy #geopolitics #usindia #brics #economicnews #indiatoday
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