India's Trade Relations with the US and Europe Continue to Heat Up, Multilateral System Becomes Key

Foreign media: Indian Minister of Petroleum Hardeep Singh Puri stated that the US-India trade agreement is in the "advanced stage". He emphasized India's support for the multilateral trading system and mentioned the recently signed free trade agreement between India and the EU, believing that this open attitude will also benefit trade negotiations with the United States.

Although India and the EU have reached an agreement, the United States has not yet removed import tariffs on goods from India and the EU. The EU faces a 15% tariff on exports to the US, while India is subject to a 50% tariff due to its continued oil purchases from Russia.

US Treasury Secretary Bensont criticized the EU and India for signing a trade agreement, while Trump has not publicly commented on the EU-India trade agreement.

Original article: toutiao.com/article/1855483861675204/

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