International: New Delhi finds itself on tenterhooks as the August 1st deadline for potential new US tariffs rapidly approaches, with President Donald Trump issuing a stern warning that duties could escalate to as high as 25 per cent. Despite the fiery rhetoric, Trump curiously asserted that the ongoing trade deal with India was “working out very well.”
Speaking to reporters aboard Air Force One on Tuesday, the US President accused India of imposing higher tariffs than almost any other nation over the years, a practice he declared would cease under his watch.
Unlike previous tariff disputes with other countries, the US has refrained from issuing a formal notice to New Delhi, leaving the precise nature of the final decision shrouded in uncertainty with just days remaining until the self-imposed deadline. Meanwhile, India continues to advocate for constructive dialogue. Commerce Minister Piyush Goyal, speaking on Sunday, expressed optimism, stating that discussions were advancing smoothly and from a position of “strength and confidence.”
Adding to this sentiment, Foreign Secretary Vikram Misri, during Prime Minister Modi’s recent UK visit, confirmed that talks regarding a potential Bilateral Trade Agreement (BTA) with the US were actively underway. A senior Indian official had earlier this month underscored India’s commitment to moving forward with a BTA, aiming for a balanced agreement that aligns with the objectives set by both leaders.
Beyond the realm of trade, Trump seized the opportunity to reiterate his claim of having brokered the ceasefire between India and Pakistan following the April 22nd Pahalgam terror attacks, which tragically claimed 26 lives. The US President credited both himself and Prime Minister Modi for de-escalating the tensions. However, Indian officials have previously contested this narrative, maintaining that the ceasefire was initiated by Pakistan’s military leadership, who directly approached their Indian counterparts to request a cessation of hostilities.
Read More: Manipur Crackdown: Militants and Criminals Nabbed in Twin Operations