U.S. Trade Representative Says India Deal Not Imminent After Modi-Trump Call
U.S. trade representative Jamieson Greer stated that a comprehensive trade agreement with India is not imminent, despite ongoing negotiations and recent high-level discussions between U.S. President Donald Trump and Indian Prime Minister Narendra Modi. Greer highlighted that while progress has been made in identifying key sticking points, an agreement remains distant. The talks are complicated by issues such as India's continued purchases of Russian oil, which the U.S. views as funding for Russia’s war efforts in Ukraine. Meanwhile, India seeks preferential tariffs to boost its export competitiveness. Indian Commerce Minister Piyush Goyal expressed optimism about reaching a mutually beneficial interim agreement soon. However, experts suggest that resolving remaining issues—often the most challenging part of trade negotiations—is proving difficult.
Tickers: $ROK
Topics: Diplomacy Negotiations Trade Deal