https://www.taxtmi.com/news?id=66859 The bilateral trade agreement failed because the Indian Prime Minister did not call the US President, a diplomatic step the US Commerce Secretary said was needed to close negotiations. Six rounds had addressed a framework to resolve the 50 per cent tariffs on Indian goods entering the United States; timing differences led the US to conclude deals with other countries at higher tariff-related rates, affecting the commercial terms available to India. en-us Fri, 09 Jan 2026 11:01:03 +0530 Fri, 09 Jan 2026 11:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=66859 The bilateral trade agreement failed because the Indian Prime Minister did not call the US President, a diplomatic step the US Commerce Secretary said was needed to close negotiations. Six rounds had addressed a framework to resolve the 50 per cent tariffs on Indian goods entering the United States; timing differences led the US to conclude deals with other countries at higher tariff-related rates, affecting the commercial terms available to India. News - Fri, 09 Jan 2026 11:01:03 +0530 https://www.taxtmi.com/news?id=66859