India reportedly pauses plans to purchase US arms as commerce dispute rages on

Reuters is reporting on the matter and the sources cited additionally say that India’s defence minister has cancelled his deliberate go to to the US. This comes as India is now pausing plans to buy US arms, which might’ve included Boeing P-8I aircrafts, Stryker automobiles, and Javelin missiles.

It’s mentioned that India is now ready on extra readability on US tariffs and commerce developments earlier than occupied with resuming arms buy discussions. On looking for a compromise, India is reported to be open to lowering oil imports from Russia as a part of any tariffs settlement. However for now, we’ll have to attend and see if there’s any frequent floor to work with after issues have gone south quite rapidly previously few weeks.

This text was written by Justin Low at investinglive.com.