India US relations

02 Feb

US, India Reach Trade Deal; Trump Announces Tariff Cut After Call With PM Modi

Rajeev Sharma0 CommentsIndiaDonald Trump, India US relations, India-US trade deal, PM Narendra Modi, US tariffs on India

Washington/New Delhi (Rajeev Sharma): US President Donald Trump on Monday announced that the United States and India have reached an agreement on a trade deal, marking a significant step toward easing recent strains in bilateral economic relations. As part of the agreement, both countries will move to reduce reciprocal tariffs. President Trump said the US would lower tariffs from 25 per cent to 18 per cent, signalling a de-escalation in trade tensions and a push toward strengthening commercial ties with India. Earlier in the day, US Ambassador to India Sergio Gor confirmed that President Trump held a telephonic conversation with…

24 Jan

US Signals Possible Rollback of Russian Oil Tariffs on India as Imports Decline

Rajeev Sharma0 CommentsIndiaDonald Trump, energy imports, India Russia oil trade, India US relations, Scott Bessent, US tariffs

New Delhi, January 24, 2025: US Treasury Secretary Scott Bessent has said there is a possible “path” to remove the 25 per cent tariffs imposed on India over its purchase of Russian oil, asserting that New Delhi’s imports from Moscow have sharply declined following the US action. The remarks come amid strained India–US ties after President Donald Trump imposed sweeping 50 per cent tariffs on Indian goods, including a specific 25 per cent levy linked to India’s Russian oil purchases. Bessent described the measure as effective, claiming it had achieved its intended outcome. “We put 25 per cent tariffs on…