India-U.S. Trade Talks: U.S. Treasury Secretary Calls India ‘Recalcitrant

IO_AdminAfricaYesterday11 Views

rapid Summary

  • U.S. Treasury Secretary Scott Bessent stated that India has been “a bit recalcitrant” during trade negotiations with the U.S., as noted in an interview on Fox Business.
  • bessent expressed optimism about concluding substantial terms with other key countries and praised U.S. President Donald Trump for advancing various peace, trade, and tax deals.
  • Amid ongoing negotiations, President Trump announced additional tariffs totaling 50% on India, including a specific 25% tariff related to India’s purchase of Russian oil. Thes will take effect starting August 27.
  • India’s Ministry of External Affairs called the tariffs “unjustified and unreasonable” and asserted its intent to safeguard national economic interests.
  • despite challenges, the sixth round of bilateral trade talks is scheduled between indian and U.S. representatives starting August 25, targeting an initial agreement phase by October-November.

Indian Opinion Analysis

The latest developments highlight growing friction in U.S.-India trade relations under a complex web of geopolitical strategy and economic interests. By labeling India “recalcitrant,” it is evident that barriers remain in bridging major differences despite ongoing talks aimed at finalizing a bilateral pact. The imposition of steep tariffs-especially tied to Russian oil purchases-adds another layer of tension at a critical juncture in their diplomatic engagement.For India, these punitive measures could disrupt economic momentum while emphasizing its need to assert sovereign decision-making over strategic imports like energy resources. Conversely, resolving these disputes amicably could position both nations as stronger allies amid evolving global power dynamics. The timeline for advancing talks by fall suggests urgency but also underscores important room for negotiation before any breakthrough occurs.

Read more

0 Votes: 0 Upvotes, 0 Downvotes (0 Points)

Leave a reply

Recent Comments

No comments to show.

Stay Informed With the Latest & Most Important News

I consent to receive newsletter via email. For further information, please review our Privacy Policy

Advertisement

Loading Next Post...
Follow
Sign In/Sign Up Sidebar Search Trending 0 Cart
Popular Now
Loading

Signing-in 3 seconds...

Signing-up 3 seconds...

Cart
Cart updating

ShopYour cart is currently is empty. You could visit our shop and start shopping.