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U.S. says deal with India is not imminent after Modi-Trump call

The U.S. warned New Delhi faces a fresh risk of up to 100.0% tariffs tied to ongoing Russian oil purchases.

Reported · Written up by our desk · Trade & Tariffs

CNBC Markets reports that the U.S. trade representative, Greer, said a deal with India is not imminent following a call between Prime Minister Narendra Modi and President Donald Trump.

According to CNBC World, U.S.-India ties have been under strain for more than a year, as India faces fresh risk of up to 100.0% tariffs for continuing to buy Russian oil.

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