India-US trade negotiations - Business Outrank

The officials of India and the United States maintain active dialogue about trade agreements at present to resolve their ongoing trade disputes. The India-US trade negotiations gained speed after Donald Trump established a 50% tariff on Indian exports to address trade restrictions and Russian oil imports. Brendan Lynch heads the American delegation which started new talks with India. The naval surveillance aircraft deal worth $4 billion between Boeing and India's defense sector remains under discussion between senior defense officials and Indian counterparts. The agreement would enhance defense relations between the two countries while strengthening their maritime security capabilities. However, challenges remain. The United States maintains its demand for India to stop buying Russian oil because these purchases allegedly fund Moscow's military operations in Ukraine. The government of India maintains its decision to maintain Russian oil imports because they generate financial advantages. The disagreement between the two nations about Russian oil imports and agricultural and dairy market disputes has created obstacles for achieving a trade agreement. The current obstacles have not eliminated the possibility of success. The two governments predict that successful India-US trade negotiations will create market growth and strengthen their security cooperation and international trade relations.

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