The United States is threatening to slap 25% tariffs just a week after it secured a landmark free trade agreement with the United Kingdom.

Smith: It’s well known that trade is essential for the health of American agriculture. Parum: Over 20 percent of what we grow is sold overseas, and every $1 in agricultural exports generates $2 at home. So, that's jobs, incomes, and opportunities for rural communities.

Differences between the US and India cannot be resolved overnight to arrive at a trade deal, a senior US official told reporters late on Thursday, citing geopolitical disagreements.