US-India Trade Talks Stall as Tariff Disputes Deepen
Trade talks between the US and India stall amid tariff disputes and geopolitical tensions. Key issues include market access and Russian oil purchases.
POLICY WIRE — New Delhi, India — Negotiations between the United States and India have reached a critical juncture, with both sides acknowledging that resolving key differences over tariffs and market access remains extremely challenging.
Despite initial optimism from U.S. President Donald Trump, who once described a potential deal as big and beautiful, formal agreement has yet to materialize after more than a year of discussions. Indian Finance Minister Nirmala Sitharaman recently noted that negotiations had reached a plateau, suggesting that further compromises would be difficult for both parties.
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The talks have been complicated by a range of factors, including ongoing disagreements over agricultural imports, energy policies, and India’s continued purchases of Russian oil. While a February framework offered some relief in terms of reduced tariffs, broader issues remain unresolved. Analysts suggest that a comprehensive deal is unlikely before next year, as both nations seek to balance economic interests with political constraints.
Reporting by Policy-Wire (PW)
