India, us in regular contact to pause additional tariffs on India, say Sources – CNBC TV18

Indian and Us Officials Remain in Regular Contact and Are Working to Find a Way to Point the Additional Tariffs recently imposed by washington, sources Told CNBC-Tv18.

The Donald Trump Administration Has Pressed Ahead with a 25% Additional Duty on Indian Imports, Effective From 09:31 AM IST (12:01 am Eastern Time) On Wednsday, August 27. Tariff, Doubleing the Levy on a wide range of Indian goods.

However, Sources Clarified That The Us Decision to Raise Tariffs on Indian Imports is “Unrelated to Trade or Market Access” Issues, and that Efforts are Underway to Resolve to Results.

India Had Proposed a Trade Package in July with Average Tarifs of 10-13%, but have drawn clear red lines on Agriculture and Dairy. Its offer remains unchanged, leaving the next step with washington, with a result the deal or push for a broader trade agreement.

Sector expected to feel the strain include textils, seafood, and gems and jewelery.

Also read, India Plans Outreach in 40 Nations to Boost Textile Exports AMID Trump Tarifs

Despite the tensions, The Broader India – Rus Bilateral Partnership Remains Intact, Sources Added.

The India -U 2+2 Intersational Dialogue Took Place This Week, Indian Officials Will Attend a Us-LED Meeting on Counting Narcotics Supply Chaains Next Month, and Around 450 Indian Defenenle Will Will Soon travel to the US for the ‘Yudh Abhyas‘Exercise.