Why India hasn’t struck a deal with the US yet: EAM Jaishankar breaks down the tariff deadlock

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External Affairs Minister S Jaishankar opened up about the growing trade tensions between India and the United States, explaining that the root cause of the current 50% tariffs on Indian exports is the failure to find a “landing ground” or common agreement between the two countries. Speaking at the Kautilya Economic Conclave (KEC 2025), Jaishankar said that while talks are ongoing, India will not compromise on its key “red lines.”