US Treasury Secretary Scott Bessent voiced optimism on Wednesday that Washington and New Delhi can overcome trade frictions despite steep tariffs and policy disputes. He stressed that strong strategic and economic ties make a mutually beneficial agreement likely in the near term.

US Treasury Secretary Scott Bessent said the 50% tariff on India goes beyond Russian oil imports, citing slow trade deal talks and complex bilateral ties. While flagging frustrations, he stressed optimism,

President Trump focuses on the trade in manufactured goods, where India sells more to the U.S. than it buys. But the countries share a balanced trade in services.

On the status of the trade deal, he noted that negotiations were ongoing but far from settled. "We still don't have a deal," he said, describing India's stance as "performative".

The US has doubled tariffs on Indian goods to as much as 50%, escalating trade tensions between the two strategic partners after months of failed negotiations.

India and Russia agreed to boost trade ties on Thursday as their foreign ministers met in Moscow, giving little indication that U.S. President Donald Trump's hefty tariffs on India for buying Russian oil would disrupt their relations.

In July 2025, India's economy remained stable despite global trade challenges. Domestic demand and strong fundamentals supported growth. The government addressed tariff shocks with trade agreements like the India-UK pact.

Now that exporting things like clothes or gemstones to the US is no longer profitable, will they become cheaper for Indian consumers? Though this could seem logical, the picture is more complicated. Let us break it down.

India and Kuwait held the seventh round of Foreign Office Consultations in Delhi to review and deepen their strategic partnership across various sectors including trade, defence, and culture. The meeting was co-chaired by high-ranking officials from both nations and focused on enhancing bilateral ties.