Trade tensions between India and the U.S. are reaching a boiling point as new tariffs threaten to shake up global markets. With 25% tariffs already active and another 25% set to kick in August 27, Indian Foreign Minister Subrahmanyam Jaishankar confirmed negotiations continue – but stressed India must defend its interests. 💥
The U.S. canceled a key trade delegation visit to New Delhi this week, dimming hopes for a last-minute deal. Meanwhile, President Trump nominated 38-year-old aide Sergio Gor as ambassador to India, adding fresh intrigue to the diplomatic drama. 🕵️♂️
At stake? Over $190 billion in bilateral trade. Talks previously collapsed over India’s refusal to open its agricultural sector, and analysts warn full tariffs could slash India’s economic growth by 0.8% this year. 📉
Jaishankar called Trump’s public policy style “unusual,” noting India’s Russian oil purchases – a tariff trigger – weren’t discussed earlier. As deadlines approach, both nations face high-stakes choices: compromise or economic fallout. 🔥
