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Potential compromise solutions for the Sino-U.S. trade negotiations include a phased reduction of imported Russian oil.
Jin10 data reported on August 6 that, according to foreign media, Trump’s decision to impose tariffs on India was made after five rounds of unproductive trade negotiations, where the U.S. demanded greater access to India’s agricultural and dairy markets, leading to a deadlock in talks. Indian officials privately acknowledge that the pressure to return to the negotiating table is increasing. A potential compromise may involve a phased reduction of oil imports from Russia and diversifying energy sources. A senior Indian official stated that as the two countries continue to discuss trade issues, the Indian government was caught off guard by the sudden imposition of new taxes and high tax rates.