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Economic Times
28 minutes ago
- Economic Times
Differences with India cannot be resolved overnight, key US official says as talks remain stuck
Trump's India tariffs (Image for representation) Synopsis A high-ranking U.S. official has emphasised that mending the trade rift with India is no quick fix, largely due to the intricate web of geopolitical challenges. President Trump's recent imposition of tariffs on Indian imports complicates ongoing trade discussions and threatens the potential for a robust partnership. Differences between the U.S. and India cannot be resolved overnight to arrive at a trade deal, a senior U.S. official told reporters late on Thursday, citing geopolitical disagreements. ADVERTISEMENT President Donald Trump said on Wednesday Washington was still negotiating with India on trade after announcing earlier that day the U.S. would impose a 25% tariff on goods imported from the country starting on Friday. The 25% figure would single out India more severely than other major trading partners, and threaten to unravel months of talks between the two countries, undermining a strategic partner of Washington's and a counterbalance to China. "Our challenges with India, they've always been a pretty closed market... there are a host of other kind of geopolitical issues," the U.S. official said. "You've seen the president express concern about, you know, membership in BRICS, purchases of Russian oil and that kind of thing."While saying there were constructive discussions with India, the official added: "These are complex relationships and complex issues, and so I don't think things can be resolved overnight with India."India has faced pressure from the West, including the U.S., to distance itself from Moscow after Russia invaded Ukraine in early 2022. New Delhi resisted that pressure, citing its longstanding ties with Russia and its economic needs. ADVERTISEMENT Trump has cast the BRICS group of developing nations - of which India is a key part - as hostile to the U.S. Those nations have dismissed that accusation and the group says it promotes the interests of its members and of developing countries at has also drawn India's frustration by repeatedly taking credit for an India-Pakistan ceasefire that he announced on social media on May 10. The ceasefire halted days of hostilities between the nuclear armed Asian neighbors. ADVERTISEMENT India's position has been that New Delhi and Islamabad must resolve their issues directly without outside involvement. Trump has reached a trade deal with India's rival Pakistan. (You can now subscribe to our Economic Times WhatsApp channel) india US tradetarifftrump tariffindia tarifftrump india tariff (Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. NEXT STORY
Economic Times
3 hours ago
- Economic Times
Andhra Pradesh approves plan to offer up to $600 million for electronic components production
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Time of India
4 hours ago
- Time of India
‘Land of the White Jaguar' discovered, archaeologists finally locate lost Maya rebel stronghold in southern Mexico
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