U.S. Trade Representative Greer said a deal with India is not 'imminent' following a Modi-Trump call, as ties remain strained and New Delhi faces the risk of steep tariffs over Russian oil purchases.
Key facts
- U.S. Trade Representative Greer said a trade deal with India is not 'imminent'.
- The comments followed a call between Indian Prime Minister Modi and U.S. President Trump.
- Ties between the U.S. and India have been under strain for over a year.
- New Delhi faces fresh risk of up to 100% tariffs for continuing to buy Russian oil.
U.S. Trade Representative Greer has said that a trade deal between the United States and India is not ‘imminent’, tempering expectations even after a call between Indian Prime Minister Narendra Modi and U.S. President Donald Trump, according to CNBC.
The remarks come against a backdrop of strained relations between the two countries. Ties between the U.S. and India have been under pressure for more than a year, CNBC reported.
A central point of friction is India’s continued purchase of Russian oil. According to CNBC, New Delhi faces fresh risk of tariffs of up to 100% for maintaining those purchases.
Greer’s assessment that an agreement is not close suggests that the Modi-Trump call did not produce an immediate breakthrough, leaving open questions about the timeline for any resolution.
The potential for steep tariffs underscores the economic stakes for India as negotiations continue, with the oil dispute remaining a key obstacle to a broader trade understanding between the two nations.
Why it matters
The United States and India are major economic partners, and the prospect of tariffs as high as 100% could significantly affect trade between them. The standoff over Russian oil ties commercial negotiations to wider geopolitical tensions, making the outcome relevant to global markets and international relations.
Frequently asked questions
Is a U.S.-India trade deal close?
No. According to CNBC, U.S. Trade Representative Greer said a deal is not 'imminent', even after a call between Prime Minister Modi and President Trump.
Why is India facing the risk of tariffs?
CNBC reported that New Delhi faces fresh risk of tariffs of up to 100% for continuing to buy Russian oil.
How long have U.S.-India ties been strained?
CNBC reported that ties between the two countries have been under strain for over a year.