India says US trade negotiations are still going on as fresh tariffs loom

News Snapshot:

India's foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional U.S. tariffs are due to hit. Indian goods face additional U.S. tariffs of up to 50 per cent, among the highest imposed by Washington, due to its increased purchases of Russian oil. A 25 per cent tariff has already come into effect, while the remaining 25 per cent is set to be enforced from August 27. A planned visit by U.S. trade negotiators to New Delhi from August 25-29 has been called...