A landmark US-India understanding will see Washington waive a 25% tariff connected to India’s Russian crude imports, prompted by India’s decision to terminate them. Disclosed by the White House on Monday, it follows Trump-Modi dialogue on multifaceted issues.
On Truth Social, Trump detailed the tariff cut to 18% on Indian goods, calling it a leap in commerce, energy synergy, and peace efforts in Ukraine. Modi affirmed on X the wins for ‘Made in India’ and collaborative prosperity.
The core: India pivots from Russian oil to US and Venezuelan alternatives, easing US concerns over Russia’s wartime earnings. India had scaled up bargain Russian supplies for stability, alongside ceasefire advocacy.
Linking tariffs to geopolitics spotlights Washington’s playbook. With trade talks advancing, US has cemented as India’s go-to energy partner via boosted exports.
Stakeholders from policy to industry track outcomes. Jaishankar’s imminent US trip targets minerals, chains, and clean tech with top brass.
This builds on a decade of US-India gains in defense, tech, economy—trade and energy now central.