Trump tariff threat, India ‘recalcitrant’ in trade talks, says US treasury chief; deal possible by October

US Treasury Secretary Scott Bessent on Tuesday said India has been headstrong in ongoing trade negotiations with Washington, describing New Delhi as “a bit recalcitrant.”

His remarks came days after President Donald Trump announced an additional 25 per cent tariff on Indian imports, citing the country’s Russian oil purchases.

Bessent said talks are continuing with some nations, specifically mentioning Switzerland and India, and expressed hope of concluding tariff discussions by October. “There are big trade deals that aren’t done and aren’t agreed. Switzerland is still around; India has been a bit recalcitrant. I think we have agreed on substantial terms with all the substantial countries,” said Bessent, speaking to Fox News Business Network’s “Kudlow”.

When asked about the possibility of concluding tariff negotiations by October, he added, “That’s aspirational. I think we’re in a good position.”

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