By Manoj Kumar
NEW DELHI (Reuters) -U.S. President Donald Trump last Wednesday announced 25% tariffs on Indian imports from August 7 and threatened more penalties over New Delhi’s purchases of Russian oil.
Below is a timeline of how India, once seen as the frontrunner for a U.S. deal, ended up facing steep tariffs after Trump escalated tensions, and called it a “dead economy.”
February Modi visits Washington
* Indian Prime Minister Narendra agrees to work toward a limited trade deal by fall 2025 with the United States and expand the bilateral trade deal to $500 billion by 2030. He also pledged to boost energy purchases from the U.S.
March
Bilateral talks gain momentum
AprilBreakthrough signs emerge
May
Further rounds of talks
June
Mixed signals
* U.S. Commerce Secretary Howard Lutnick on June 3 says the U.S. and India are making progress and a deal could be finalised soon.
* Trump says a “big” trade deal with India is coming soon.
JULY
Hardening of stance
(Reporting by Manoj Kumar; Editing by Saad Sayeed)
