Reported 1 day ago
India and the United States are facing significant challenges in their trade negotiations, primarily due to disagreements over agricultural market access. President Trump has announced a 25% tariff on Indian goods, citing India's high tariffs on imports as a barrier. India is resisting U.S. demands to open its agricultural markets, arguing it would harm local farmers. The situation is further complicated by differing tariff rates, with India imposing an average of 39% on farm goods, compared to just 5% in the U.S. Both nations had initially aimed for a significant trade agreement by autumn 2025, but current tensions may hinder progress.
Source: YAHOO