US-India Trade Talks Fail Amidst Miscalculations and Tariffs

The US and India were close to a trade deal, but it fell apart.

India had hoped to get a lower tariff rate on its goods.

Both countries were making offers to make it easier to trade.

In the end, a deal was not made.

Now, the US is charging higher tariffs on some Indian products, and the US also has concerns with India buying oil from Russia.

The deal failed partly because India thought the deal was guaranteed, and partly because the leaders did not talk directly.

They are still trying to reach an agreement.