Overview

• President Trump said negotiations to address trade barriers are continuing and expressed confidence in a successful outcome, noting he expects to speak with Prime Minister Modi in the coming weeks.
• Prime Minister Modi called the United States a close friend and natural partner and said teams are working to conclude the discussions at the earliest.
• Commerce Minister Piyush Goyal said India is in active dialogue with the United States, and government sources indicated the next round of talks is expected to resume soon.
• Washington previously canceled an August visit by its trade negotiators over tensions tied to India’s purchases of Russian oil, which stalled the process.
• The United States has doubled tariffs on many Indian goods to 50 percent, including an extra 25 percent linked to Russian crude, and officials have cited a tentative goal of a first tranche by September–October.