India-US Interim Trade Deal Remains Stuck Over Tariffs, Modi Refuses To Budge | Capital TV

The proposed interim trade agreement between India and the United States has hit a roadblock due to disagreements over import duties. While US officials recently expressed optimism that nearly the entire pact is finalized and an official announcement could arrive soon, negotiations are currently stalled. The primary point of contention involves Washington pushing for higher import tariffs. Meanwhile, the Indian government has firmly maintained its stance, refusing to accept any tariff structure higher than the additional 10 percent levy that Indian exports currently encounter. Prime Minister Narendra Modi's administration is unwilling to compromise on these economic terms, keeping the bilateral deal on hold despite earlier expectations of a breakthrough between the two nations.