Key Highlights
- This comes as tensions flared in India-US trade ties after US Commerce Secretary Howard Lutnick suggested in a recent podcast that a key bilateral trade deal fell through because Prime Minister Narendra Modi did not personally call President Donald Trump. External Affairs Ministry Spokesperson Randhir Jaiswal described Lutnick's remarks as "not accurate." He stressed that India and the United States had been working toward a trade agreement since February 13 last year. Also Read: India-US Trade Talks In Focus?
- Indian Envoy Vinay Kwatra Meets US Counterpart Sergio Gor At Trump's Mar-a-LagoTrade talks amid tariff threatIndia and the US have been in continuous talks, with both Commerce and Industry Minister Piyush Goyal and External Affairs Minister S.
- Jaishankar visiting Washington, DC, in 2025 for important follow-up discussion on the trade pact. However, in the latest escalation in the trade war between the two nations, Trump approved a bill which US Senator Lindsey Graham said would provide the US with significant leverage over countries such as China, India, and Brazil, encouraging them to stop purchasing discounted Russian oil.
- As per the official website of the US Congress, the bill titled "Sanctioning of Russia Act 2025" by Graham seeks to impose several provisions, which include penalties on individuals and entities, including an increase of the rate of duty on all goods and services imported from Russia into the United States to at least 500% relative to the value of such goods and services.
- Also Read: 'Modi, Trump Spoke For…': MEA Tears Down US Statement on Why India-US Trade Deal Did Not Happen Tariffs, totalling 50%, were imposed due to India's purchase of Russian oil last year, which the US sees as supporting Russia's economy amid the Ukraine conflict. For the Latest news, India News and breaking stories from around the world, visit Times Now for live coverage and in-depth reporting. Latest News videosTrump Pushes For Nobel Peace Prize Days After Venezuela Attack, Claims 'Settled 8 Wars' | Top Updateentertainment newsNupur Sanon-Stebin Ben Sangeet: Sister Kriti Dances Her Heart Out, Varun Sharma Joins - WATCHeducationJEE Main Strategy: How to Avoid Trap Questions That Cost You Easy Marksentertainment newsWhen Hrithik Roshan Left Farah Khan SHOCKED With His Dance Moves During Debut Film, Kaho Naa... Pyaar Hai ShootsportsJannik Sinner VS Carlos Alcaraz Live Streaming: When And Where to Watch Hyundai Card Super Match India?worldTrump’s Big Credit Card Interest Rate Move: Could One-Year 10% Cap Help You?world'Drive Baby Drive:' Rebecca Good's Comment From Bodycam Footage Sparks Arrest Calls On Social MediachennaiChennai Weather: Heavy Rain Pours as IMD Issues Yellow Alert; Check Week-Long ForecastAnanya Varma authorAnanya is a journalist with a strong grounding in breaking news and a deep-rooted passion for geopolitics.
