India Delays Washington Trade Visit as U.S. Tariff Policy Shifts

India Delays Washington Trade Visit as U.S. Tariff Policy Shifts

India has delayed its Washington trade visit as the U.S. has shifted its tariff policy, a source told CNBC.

Background

The U.S. has raised its global import tariffs to 15% from 10%, affecting various countries, including India. This move has significant implications for India's trade negotiations with the U.S.

Impact on Trade Talks

The delay in the trade visit is a result of the U.S.'s new tariff policy. India's negotiators want to 'evaluate the latest developments' before proceeding with the talks. This shift in the U.S.'s tariff policy has created uncertainty for India's trade negotiations.

Quotes

A source close to the matter told CNBC, 'The negotiators want to evaluate the latest developments.'

Context

The U.S.'s new tariff policy has been a point of contention between the two countries. India has been seeking a trade deal with the U.S., but the U.S.'s shift in tariff policy has complicated the negotiations.

Conclusion

The delay in the trade visit is a significant development in the ongoing trade talks between India and the U.S. The U.S.'s new tariff policy has created uncertainty for India's trade negotiations, and it remains to be seen how this will impact the talks.

Sources

[1] India delays Washington trade visit as U.S. tariff policy shifts, source tells CNBC