India is moving forward with trade talks with the U.S., even as new tariffs raise duties on Indian exports to 50% following its Russian oil purchases. Despite the intensified trade tensions, both governments remain committed to negotiations, but India insists certain sectors, like agriculture and dairy, are untouchable.
Key Takeaways
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India remains committed to dialogue: Trade negotiations with the U.S. will continue, even under the pressure of sharply increased tariffs.
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Indian officials draw firm boundaries: Agriculture and dairy market access are non-negotiable issues for India in discussions.
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Economic impact looms large: The new tariffs could severely disrupt Indian export sectors and test the resilience of bilateral relations.
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