Trump hits pause on trade talks with India, plays up tariff issue
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US President Donald Trump has ruled out the possibility of trade negotiations with India until the issue of tariffs is resolved. “No, not until we get it resolved,” Trump told reporters in the Oval Office on Thursday, replying to a question on whether he expects increased trade negotiations with India after raising the tariffs on the country to 50%. His statement comes ahead of the scheduled visit of US trade negotiators to New Delhi later this month for the sixth round of the Bilateral Trade Agreement (BTA) talks. “There is no fresh communication from the US. The visit stands as of now,” said an Indian official. Trump on Wednesday signed an executive order doubling the tariffs on US’ imports from India to 50%. Live Events It is the highest duty levied on any country and on a par with Brazil, in a move marking an escalation of trade tensions between the two countries. While the initial 25% duty came into effect Thursday, the additional 25...