A scheduled trip by a U.S. trade delegation to India later this month has been called off, according to reports. Several rounds of talks on a bilateral trade deal between the U.S. — the world's largest economy — and India, the world's most populous nation and itself a major economic power, have so far failed to yield an agreement.

A planned visit by U.S. trade negotiators to New Delhi from August 25-29 has been called off, a source said, delaying talks on a proposed trade agreement and dashing hopes of relief from additional U.

U.S. President Donald Trump has announced additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.

A US delegation's planned visit to India for bilateral trade agreement negotiations is likely postponed, casting uncertainty on the sixth round of discussions. This rescheduling occurs amidst US tariffs on Indian goods and demands for greater access to India's agriculture and dairy sectors.

India-US trade talks likely delayed amid 50% US tariffs on Indian goods; PM Modi vows no compromise on farmers' and cattle rearers' interests as bilateral trade grows.

Mr Modi did not mention the tariffs or the US in his speech that lasted nearly two hours. Last week, US president Donald Trump imposed an additional 25 per cent tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations.

This comes amid stress in the Indian export-driven industry due to fear of 50 per cent US tariffs on India, highest globally.

Five rounds of talks have already taken place, with the sixth round originally planned from 25 to 29 August. However, according to media reports, an official source familiar with the matter, speaking on condition of anonymity,

India's goods exports to the US are could be largely affected by the latest Trump tariffs. The ICRIER report suggests strategic response for India to mitigate these effects.