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FM Sitharaman: US-India Trade Talks Plateaued, Tariffs Weaponized
M
Moneycontrol•05-10-2026, 10:28
FM Sitharaman: US-India Trade Talks Plateaued, Tariffs Weaponized
- •FM Sitharaman stated that US-India trade talks may have reached a plateau.
- •She also mentioned that tariffs have been 'weaponized'.
Key Questions Answered
FM Sitharaman stated that trade talks between the US and India may have 'reached a plateau' and remarked that the 'tariff weaponised' approach is impacting negotiations.
The GTRI reported that negotiations stalled after a US Supreme Court ruling invalidated the reciprocal tariff framework, turning the agreement into a one-way market access arrangement without expected US concessions.
The US launched Section 301 investigations into forced-labour concerns and proposed additional tariffs of 12.5% on imports from India, using them as a pressure tactic during bilateral trade discussions.
