from MicroWave@lemmy.world to world@lemmy.world on 13 Mar 14:09
https://lemmy.world/post/44206754
India will hold off on signing a trade deal with the United States for several months, four Indian sources said, as fresh investigations by Donald Trump’s administration into what it calls excess industrial capacity among trading partners add new friction after an early understanding, opens new tab last month.
New Delhi had initially expected to sign an interim deal in March, followed by a full deal later, after Trump agreed in early February to cut punishing U.S. tariffs on Indian imports in return for commitments including halting Russian oil imports, lowering duties on U.S. goods and pledging to buy $500 billion worth of American products.
That timeline could now slip by several months, the sources said, although U.S. officials say they expect India to honour its commitments. The Indian sources, all government officials with direct knowledge of the matter or briefed on it, declined to be named because they were not authorised to speak to media.
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