India confirms ongoing trade talks with the US

Ongoing Trade Negotiations: India's foreign minister confirmed that trade negotiations with the U.S. are still in progress, emphasizing the need to protect certain interests.

U.S. Tariffs on Indian Goods: Indian goods are facing additional tariffs of up to 50% from the U.S., primarily due to India's increased purchases of Russian oil.

Current and Future Tariff Rates: A 25% tariff is already in effect, with another 25% set to be implemented on August 27.

Protection of Domestic Interests: Foreign Minister Subrahmanyam Jaishankar highlighted the importance of defending the interests of farmers and small producers during negotiations.