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U.S. India Trade Deal Delayed as Greer Signals No Imminent Agreement

Published on · Source: cnbc.com

#Trade#India#Oil#Tariffs
U.S. India Trade Deal Delayed as Greer Signals No Imminent Agreement

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Summarized by AI from the source below

U.S. trade representative Jamieson Greer stated that a trade deal with India is not imminent amid ongoing negotiations. This comes after a phone call between President Donald Trump and Prime Minister Narendra Modi, which Greer described as constructive. Key issues remain, including India's purchases of Russian oil and India's demand for preferential tariffs on agricultural products. For ordinary investors, continued tariffs—now up to 100% on certain imports—could affect trade flows and market conditions between the two countries.

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