India's Defence Dealings: Unfazed Amid US Tariff Tensions
Despite reports suggesting India halted defence talks with the US due to tariff tensions, the Indian defence ministry clarified that procurement processes are proceeding as usual. These claims emerged after a US tariff hike on India’s imports and additional levies on Russian oil purchases.
- Country:
- India
The Indian defence ministry has dismissed reports suggesting a halt in defence negotiations with the US as 'false and fabricated.' Their statement assures that procurement procedures remain unaffected by recent tariff tensions with Washington.
This clarification follows a report alleging India paused its defence acquisition talks with the US amid rising tensions following President Trump’s tariffs. The US imposed a 25% tariff on Indian goods, effective from August 7.
Compounding the issue, the US announced an additional 25% levy on Russian oil purchases by India, set to begin on August 27. Despite these pressures, Indian officials affirm ongoing procurement discussions.
ALSO READ
-
U.S. Escalates Tensions With Iran Over Strategic Waters
-
Tension in the Strait of Hormuz: UAE Tanker Attack
-
Escalating Tensions in the Gulf Keep Dollar Steady Amid Global Market Uncertainty
-
Global Health News: Ebola Treatment, Mylan's Biocon Stake Sale and More
-
Tensions Rise: Trump's Bold Threat Against Pickaxe Mountain
Google News