U.S. trade representative Jamieson Greer said a trade deal with India is not imminent, despite a recent productive call between Trump and Modi. Key sticking points include India's purchases of Russian oil and New Delhi's demands for agricultural protections and preferential tariffs, with the U.S. threatening up to 100% tariffs if India continues buying Russian energy.
The US criticized China for failing to meet WTO commitments and maintaining non-market economic practices that target industrial sectors for global dominance. US industry groups, including steelmakers, filed complaints about China's trade practices and called for additional tariffs and international coordination to address issues like steel overcapacity.
The US proposed a new 'Milwaukee Framework' at the G20 Trade Ministers' meeting to address excess steel production capacity, targeting China's dominant position in global steelmaking without directly naming it. The framework encourages countries to strengthen trade barriers against steel imports and eliminate market-distorting subsidies, as the Trump administration continues expanding tariffs on major trading partners while maintaining a fragile trade agreement with Beijing.