India is embroiled in disputes with United States over tariffs, Indian price caps on imported medical devices, most from the US.
The US has rolled back incentives under its Generalised System of Preferences (GSP) programme from June 5.
At a time when the world is witnessing trade wars across nations, India too will be impacted.
CNBC, citing sources, said the trade talks had stalled and the next round of discussions was “in flux.”
Trump announced that US intends to terminate India's designations as a beneficiary country under the GSP programme.