NEW DELHI/MUMBAI: India hopes trade talks with the US will continue even as the US hiked tariffs on its exports to 50 percent due to New Delhi’s purchase of sanctioned Russian oil, two lawmakers said on Monday, citing a briefing to a parliamentary panel on foreign affairs.
Last week, President Donald Trump imposed an additional 25 percent tariff on Indian goods due to Delhi’s continued purchase of Russian oil, bringing the total duty on Indian exports to the US to 50 percent — among the highest of any American trading partner.
“Our relations with the US are multi-dimensional, and should not be seen only through the prism of trade,” one of the lawmakers said, citing the foreign secretary’s briefing to the panel.
Shashi Tharoor, an opposition Congress party leader, who heads the panel, said trade talks would continue.
“As of now, there is no change in the existing plans for the sixth round,” he said, referring to a scheduled visit of a US trade delegation to New Delhi from August 25.
