India and the United States will hold fast-track trade talks in New Delhi after President Trump imposed tariffs, causing a nine-month low in exports. The U.S. trade representative for South Asia will visit New Delhi on Tuesday. Indian exports fell to $35.10 billion in August with a trade gap of $26.49 billion.

The U.S. imposed a 25% tariff on Indian goods due to Russian oil purchases, totaling a 50% tariff on Indian exports. August exports to the U.S. dropped to $6.86 billion from $8.01 billion in July, with total shipments to Washington at $40.39 billion from April to August. The impact of higher tariffs will be felt next month.

These trade talks come as a response to the recent punitive tariffs, focusing on resolving the issues that have led to a decrease in Indian exports. The situation is a significant concern for both countries, and the outcome of the negotiations will have far-reaching implications for their trade relationship.

Read more at Yahoo Finance: India, US to hold trade talks in New Delhi on Tuesday, negotiator says