Students from Gurukul School of Art, carry a poster of Prime Minister of India Narendra Modi and U.S. President Donald Trump on India outside their school. U.S. President Donald Trump imposed a 25% tariff on India along with penalties for buying oil and military equipments from Russia.<\/p>\n
Sopa Images | Lightrocket | Getty Images<\/p>\n
A scheduled visit by U.S. trade representatives to New Delhi later this month has been called off, according to Indian news broadcaster NDTV Profit.<\/p>\n
The visit that was expected to take place between Aug. 25 and Aug. 29 will likely be rescheduled, NDTV reported, citing people familiar with the matter.<\/p>\n
The report comes at a time when trade relations between the two countries have soured with U.S. President Donald Trump imposing a 25% blanket tariff on Indian exports, and topping those with additional 25% in duties \u2014 expected to come into effect on Aug. 27 \u2014 as a “penalty” for India purchasing Russian crude.<\/p>\n
Both sides are in contact with each other, but a new schedule for talks not been finalized, the report said.<\/p>\n
Trump’s cumulative 50% tariff rate on India is among the\u00a0highest<\/a>\u00a0on any of the U.S.’ trading partners, and has drawn a sharp response from New Delhi.<\/p>\n India has said it was being targeted unfairly, while calling out the EU and the U.S. on their continuing trade with Russia. “It is revealing that the very nations criticizing India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion [for them],” the country’s foreign ministry said in a statement earlier this month.<\/p>\n India’s Ministry of Commerce and Industry, and the Office of the U.S Trade Representative did not immediately respond to CNBC’s request for comments.<\/p>\n The U.S. is India’s single largest export partner, with nearly 20% of its overall exports, or\u00a0$86.51 billion worth of goods<\/a>, shipped to the U.S. in fiscal year ended March 2025, according to the latest official data.<\/p>\n