Trump critical of US-India trade balance after Modi knocks back tariff deal claims

Donald Trump called out India’s trade practices just hours after Prime Minister Narendra Modi returned from ￰0￱ said the United States was stuck in what he described as “a totally one-sided disaster” when it comes to trade with ￰1￱ posted on Truth Social that India had once offered to slash tariffs to zero, but now it was “getting late” and that the move should’ve happened “years ago.” This all came after Modi met with Chinese President Xi Jinping at the Shanghai Cooperation Organization summit in Tianjin, held between August 31 and September 1. Trump’s complaints weren’t entirely ￰2￱ pointed directly at India’s high import tariffs and its continued oil and arms trade with Russia, arguing that American companies are blocked from selling into the Indian market while Indian goods flood ￰3￱ points to Russian oil and weapons as sticking points Trump wrote, “The reason is that India has charged us, until now, such high Tariffs, the most of any country, that our businesses are unable to sell into India.” He added, “It has been a totally one sided disaster!” He didn’t give a date for when India allegedly offered to drop its tariffs but made it clear he believes the offer came far too ￰4￱ ￰5￱ 50% tariffs on Indian goods in response to what it sees as unfair trade ￰6￱ month alone, Washington added a 25% secondary duty, targeting India for continuing to purchase Russian ￰7￱ rejected the move and described the new duties as “unfair, unjustified and unreasonable.” That came directly from India’s response after the ￰8￱ have been building for ￰9￱ between Washington and New Delhi have taken a hit, despite more than two decades of warming ￰10￱ American officials have recently raised concerns about India’s ties to ￰11￱ India didn’t stay ￰12￱ pushed back, pointing out that the same countries criticizing it are also still doing business with Russia.

India’s Ministry of External Affairs released a statement last month saying, “It is revealing that the very nations criticizing India are themselves indulging in trade with ￰13￱ our case, such trade is not even a vital national compulsion for them.” That was a direct jab at both the ￰14￱ the European ￰15￱ meeting happens as trade talks collapse While the ￰16￱ new tariffs, Modi was in China meeting with ￰17￱ leaders spoke about cooperation and said they wanted to be partners instead of ￰18￱ that didn’t go unnoticed in ￰19￱ Secretary Scott Bessent downplayed the meeting, calling the SCO summit “performative,” according to ￰20￱ talks between India and the U.

S. aren’t ￰21￱ May, India proposed a deal: no tariffs on steel, auto parts, and pharma products from either side, but only up to a certain ￰22￱ was described as a “zero-for-zero” ￰23￱ deal didn’t happen, and the 50% tariff followed soon ￰24￱ Minister Piyush Goyal said Tuesday that India is still trying to negotiate a trade deal. “We are in dialogue with the US for a bilateral trade agreement,” Goyal said while speaking at an event in New ￰25￱ there’s no formal negotiation happening right now. A ￰26￱ was supposed to visit India in August, but that trip was ￰27￱ to Bloomberg News, informal communication between both sides is still ongoing, but no one’s talking about timelines or next ￰28￱ all the back-and-forth, no deal is on the table, and both governments are stuck with rising tariffs, missed opportunities, and cold ￰29￱ $50 free to trade crypto when you sign up to Bybit now