US EditionTrump hints at cutting tariffs on India as loyalist Sergio Gor sworn in as ambassador
Trump indicated tariff reductions on India following lowered Russian oil imports, signaling progress toward a trade deal as Ambassador Gor begins his tenure.
- At Sergio Gor's swearing-in ceremony, U.S. President Donald Trump said Washington may lower tariffs on Indian goods if India substantially reduces Russian oil imports.
- Shortly after the U.S. imposed 50% tariffs on Indian exports, officials linked them to New Delhi's energy ties with Moscow and a $100,000 H1B visa fee, denting strategic relations.
- Conflicting shipment signals underscore uncertainty over recent Russian oil flows to India, as Kpler reported India's Russian crude imports were largely unchanged in October at 1.59 million barrels per day.
- The White House expects the ambassador to speed direct communication with New Delhi, promoting U.S. investment, boosting American energy exports and expanding security cooperation, Trump said.
- Hermann of Oxford Economics noted the U.S. accounted for 18% of India's exports compared with only 1% for Russia, while India exported $4.88 billion to Russia and imported $63.84 billion in fiscal 2025, with FIEO highlighting rising engineering exports to Russia.
12 Articles
12 Articles
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Trump: US-India Trade Deal 'Close', Tariffs to Fall
Optimism surrounds the potential for a major trade agreement between the United States and India, with President Donald Trump indicating that a deal is close to being finalized. During the swearing-in ceremony for Sergio Gor, the incoming US Ambassador to India, Trump revealed that discussions have yielded substantial progress towards a fair agreement. He explicitly stated that the US intends to lower tariffs on India, noting that this decision …
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