India says U.S. trade deal talks have plateaued
In short
India says talks on a trade deal with the U.S. have stalled.
The finance minister said more demands and concessions will be hard. The report also says the U.S. is using tariffs to push its trade goals, but no new negotiation timeline is given.
What the reporting says
India’s finance minister said U.S.-India trade deal talks have plateaued and that further demands and concessions will be very difficult. The summary adds that the U.S. is being accused of weaponising tariffs to address its trade imbalance, and that India’s Russian oil imports were not a determinative factor in EU FTA talks. It is not stated what stage the negotiations are at or whether any new round is planned.
Why it matters
India’s finance minister signaled that U.S.-India trade deal talks have stalled and that additional concessions will be difficult. The comments also criticized U.S. tariff policy and said India’s Russian oil purchases were not decisive in EU FTA discussions. The reporting does not say whether negotiations are still active, what demands remain, or how markets may react.