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What Is Holding up the US-India Trade Deal?
- India's Finance Minister Nirmala Sitharaman expressed hope for a swift trade deal with the United States, though negotiations have recently hit a "plateau" with little room for further concessions.
- The February framework aimed to reduce reciprocal tariffs from 25 percent to 18 percent, but the agreement remains unsigned due to persistent hurdles after months of negotiations.
- Trade Representative Jamieson Greer stated an announcement is not "imminent," as agriculture and competitive tariff rates remain sticking points for India.
- State Marco Rubio will visit India on Tuesday to focus on investment and energy, touring financial hub Mumbai and the oil hub of Jamnagar instead of the capital.
- Legal uncertainty surrounding Trump's tariff plans complicates deal prospects, despite US ambassador India Sergio Gor claiming in June that negotiators were finalizing the "last one percent.
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32 Articles
32 Articles
India-US trade deal ‘very close’ to completion, Marco Rubio says ahead of Mumbai, Jamnagar visit
Rubio said that every country has a complex set of factors that it has to take into account. 'Geography is real. For some countries, it's very difficult to acquire energy from alternative sources. That's not an excuse, but all of that has to be balanced when making foreign policy,' he added.
·New Delhi, India
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US Secretary of State Marco Rubio expected to arrive in Indian financial capital Mumbai on Tuesday after talks in Uzbekistan with Central Asian nations
·Ankara, Türkiye
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'Every country has complex set of factors': Rubio says US 'close to finalising' trade deal with India
US Secretary of State Marco Rubio says the US-India trade deal is close to finalisation ahead of his Mumbai visit to meet S Jaishankar. He also discusses Russian oil sanctions, global energy supplies and the strategic partnership between the two countries.
·Noida, India
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Total News Sources32
Leaning Left0Leaning Right6Center5Last UpdatedBias Distribution55% Right
Bias Distribution
- 55% of the sources lean Right
55% Right
C 45%
R 55%
Factuality
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