U.S. Treasury Secretary Scott Bessent on Tuesday said several large trade agreements were still waiting to be completed, including with Switzerland and India, but the South Asian country had been "a bit recalcitrant" in talks with the United States.

Trade negotiations between India and the U.S. face challenges as tariffs are imposed, with hopes for agreements by October.

United States Treasury Secretary Scott Bessent has said that India has been “a bit recalcitrant” in its trade talks with the US. “The big trade deals that aren’t done or aren’t agreed - Switzerland is still around, India has been a bit recalcitrant,” he told Fox Business.

India hopes trade talks with the U.S. will continue even as the U.S. hiked tariffs on its exports to 50% due to New Delhi's purchase of sanctioned Russian oil, two lawmakers said on Monday, citing a briefing to a parliamentary panel on foreign affairs.

Donald Trump had initially imposed a 25 per cent tariff, which came into effect from August 7, on India and blamed New Delhi for fueling the war in Ukraine by purchasing Russian oil. He later imposed an additional 25 per cent levy and signed an executive order in this regard on August 6.

US Treasury Secretary Scott Bessent says India has been “a bit recalcitrant” in trade negotiations, even as President Trump imposes new tariffs totalling 50% on Indian goods, including Russian oil imports,

India has been a "bit recalcitrant" on trade negotiations with the US, Treasury Secretary Scott Bessent has said.

Amid Donald Trump's tariff threats, Scott Bessent has reportedly said that large trade agreements are still awaited, including with Switzerland and India.