US EditionPublished • loading... • Updated
US tells India that Russian oil curbs are key to trade deal progress
The U.S. has doubled tariffs to 50% on Indian imports to pressure India to reduce Russian oil purchases, a key demand linked to advancing trade negotiations, officials said.
- U.S. trade negotiators told India that reducing Russian oil imports is crucial for lowering tariffs and sealing a trade deal, according to two people familiar with the talks.
- President Donald Trump has pressured India to reduce Russian oil purchases to diminish Moscow's revenue amid the war in Ukraine.
- The U.S. has imposed an additional 25% tariff on Indian imports, raising the total to 50%, which strains trade negotiations between the countries.
- India defended its oil imports from Russia on economic grounds, claiming benefits and accusing Western nations of hypocrisy for continuing trade with Russia despite sanctions.
Insights by Ground AI
20 Articles
20 Articles
Curb Russian oil imports to unlock trade deal, US tells India
US trade negotiators have informed their Indian counterparts that a reduction in Russian oil imports is key to lowering tariffs on Indian goods and finalising a trade deal, according to a report, citing two sources familiar with the discussions
·Mumbai, India
Read Full Article
India considering buying US corn for ethanol production amid trade talks: Report - ChiniMandi
India may buy corn from the United States for ethanol production and increase energy imports as part of new proposals in ongoing trade discussions, according to The Economic Times, according to the various media reports. In exchange, India is urging the US to lift the 25% tariff on Indian imports of Russian oil, which Washington says is helping finance the war in Ukraine. “Fresh offers have been made… There is a discussion to buy corn for ethano…
Coverage Details
Total News Sources20
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
To view factuality data please Upgrade to Premium
