According to India’s Foreign Minister, trade talks between the US and India continue, although there are some “red lines” in New Delhi, which will defend it.
“I mean, the conversation is still going on in the sense that anyone said that the talks are closed. You know, and people, people talk to each other,” Indian Foreign Minister Subrahmanyam Jaishankar Said On Saturday at an Economic Times Forum event.
President Trump’s administration is set to hit India with 50 percent tariff on August 27, which includes 25 percent duty On the purchase of its Russian oil in India, Trump and his advisors have argued that Moscow’s Ukraine is being invaded.
Earlier this week, the White House business advisor Peter Navaro said He does not expect Trump to expand the timeline on double the tariff rate. And the next week the meeting between trade negotiaters of America and India was abolished.
Jaishankar said that the “red lines” of New Delhi are mainly the interests of “to some extent” of farmers and small businesses of India.
The Foreign Minister said on Saturday, “We are committed to protect the interests of our farmers and our small producers as a government. We are very firm on it.” “This is not something on which we can compromise.”
American goods and services trade with India Was worth around Last year $ 212.3 billion.
“Equal arguments used to target India have not been applied to the largest oil importer, which is not applied to the largest [liquified natural gas] The importer, which is the European Union, ”said the Foreign Minister.
“And when people say that we are funding war or investing in coffeers [Russian President Vladimir] Putin, India-European Union trade is greater than India-Russia trade, “Jayashankar said.” That’s why European is not money, not putting coffeers, is investing in Putin’s coffeers. ,
