INDIA US TRADE TIES
India tries to balance US, Russia ties in pursuit of Trump deal
India navigates a delicate balance, seeking a trade deal with the US while maintaining energy ties with Russia. Prime Minister Modi indicated a potential reduction in Russian oil purchases, signaling a willingness to work with Washington, though emphasizing the need for cost-effective energy supplies for consumers.
Russia claims it’s offering top-grade oil at bargain prices to countries Trump is courting
Kremlin spokesman Dmitry Peskov said Moscow can offer high-quality oil at lower prices to nations that U.S. President Donald Trump is urging to halt Russian imports. He warned that denying countries the right to choose their suppliers would breach free trade principles.
No telephone conversation between Modi & Trump yesterday: MEA counters US President's claim
India’s External Affairs Ministry on Thursday said it is “not aware of any conversation” between Prime Minister Narendra Modi and US President Donald Trump regarding Russian oil purchases, countering Trump’s claim that Modi had assured him India would stop buying Russian crude. MEA spokesperson Randhir Jaiswal clarified there was no call or discussion between the leaders on the matter.
India to stop buying Russian oil like Trump claims? MEA issues statement
The External Affairs Ministry said the US has shown interest in deepening energy cooperation with India, with discussions underway. The statement came after President Trump claimed Prime Minister Modi assured him India would stop buying Russian oil.
Trump praises PM Modi, then makes bizarre remark: 'Don’t want to destroy his political career’
US President Donald Trump said on Thursday that Indian Prime Minister Narendra Modi “loves Trump,” but quickly clarified he did not want to harm Modi’s political career. Trump also claimed Modi assured him that India will stop buying Russian oil, though he noted the process would take time.
Trump claims PM Modi assured India will stop buying Russian oil
President Trump announced that Indian Prime Minister Modi pledged to cease oil purchases from Russia, a significant move aimed at cutting Moscow's energy revenues. Trump stated his intention to pursue similar action from China next. This development follows U.S. tariffs imposed on Indian exports to discourage Russian oil imports.
- Go To Page 1
India considers easing certain Chinese import curbs amid growing reliance, say sources
India’s trade ministry and NITI Aayog are considering easing certain tariff and non-tariff restrictions on Chinese imports to secure raw materials vital for industrial and export growth. Measures under discussion include letting anti-dumping duties lapse on some products and cutting tariffs on raw materials for sectors like leather and engineering goods where domestic supply is limited.
Hardeep Puri meets Brazil minister to expand trade and energy cooperation
Union Petroleum Minister Hardeep Singh Puri met with Brazil’s Vice President and Minister of Development, Industry, Trade and Services, Geraldo Alckmin, to discuss strengthening India-Brazil energy cooperation. The talks focused on bilateral trade in hydrocarbons, long-term crude supply contracts with Petrobras, and Indian investments of over $3.5 billion in Brazil’s upstream sector.
India, Brazil agree to deepen economic ties; set $20 billion trade target by 2030
Both countries agreed to broaden the Preferential Trade Agreement under the Mercosur framework and to strengthen long-term cooperation in civil and defence sectors.
It is based on India's national interest: Russia on its energy ties with New Delhi
Russia’s envoy to India, Denis Alipov, said energy cooperation with India aligns with New Delhi’s national interests, highlighting an upswing in bilateral trade. His remarks came after President Trump claimed Prime Minister Modi assured him India would stop buying Russian crude.
Some Indian refiners to move away from Russian oil, sources say
India plans to reduce liquefied petroleum gas (LPG) imports from the Middle East as state refiners aim to increase purchases from the U.S., supporting broader trade talks with Washington. State refiners have informed suppliers in Saudi Arabia, UAE, Kuwait, and Qatar about the likely cut, though the exact reduction is unclear.
India expands FTA outreach; active trade talks underway with US, EU and Oman, says Piyush Goyal
India is making waves on the global trade front by negotiating new pacts with developed nations. Talks are currently in progress with the US, EU, and Oman, showcasing India's rising prominence in the eyes of investors. The nation also seeks to broaden its trading horizons in South America.
Indian refiners prepare to cut Russian oil imports, sources say
Russian oil exports to India may decline as refiners await official guidance following President Donald Trump’s claim that Prime Minister Modi committed to stopping Russian crude imports. Executives from state-owned and private refiners said they were surprised by Trump’s remarks and had received no instructions from New Delhi.
India willing to spend $15 billion on US oil amid trade talks
India has indicated its readiness to increase oil purchases from US by an additional $15 billion, aiming to accelerate trade talks. This move is part of a broader strategy to reduce its significant trade surplus with the US and potentially ease punitive tariffs.
China files WTO complaint against India over EV & battery subsidies, urges New Delhi to rectify 'wrongdoings'
China’s Commerce Ministry has urged India to rectify what it called “wrongdoings,” after filing a complaint with the World Trade Organisation (WTO) over India’s electric vehicle (EV) and battery subsidies. The ministry said the Indian measures harm China’s economic interests and called for corrective action.
Canada stressing domestic security in India dealings, Canadian FM Anita Anand says
As Canada seeks to enhance its international standing through strengthened relations with India, the government is placing a firm emphasis on security and law enforcement at home. With foreign affairs in focus, Minister Anita Anand reiterated that adherence to Canadian laws will be paramount in all engagement efforts.
Canada may need India now more than ever as trade risks mount
Canada is seeking to diversify its trade and strategic partnerships, particularly with India, to mitigate economic pressures from the United States and China. Foreign Minister Anita Anand is leading efforts to strengthen ties with India, focusing on trade, technology, energy, and security, aiming for a more stable economic future.
India trade negotiators set to visit US this week, may agree to buy more natural gas from US to bridge trade gap
Indian trade negotiators are heading to the US this week for talks on a bilateral trade agreement, with both sides hopeful of concluding the first phase by year-end. Discussions are progressing positively, and New Delhi may also increase natural gas purchases from the US to address the trade gap.
'This is India's moment,' says US media leader Mark A. Aitken
Mark A. Aitken, Senior VP of Sinclair Broadcast Group, praised India’s transformation from an underdog to a global technology leader, saying the country has moved from "potential to execution" and is now "reshaping the global economy."
India-US talks may make news next week; all eyes on deadline, possible breakthrough
An Indian delegation is in the US for crucial trade talks this week. The visit aims to finalise a bilateral trade agreement, with both nations expressing satisfaction with progress. Discussions will focus on trade matters, excluding non-trade issues. This move signals a renewed push towards a mutually beneficial conclusion, potentially boosting trade to $500 billion by 2030.
Trade talks US Envoy Gor meets commerce secretary
US ambassador-designate Sergio Gor met with Commerce Secretary Rajesh Agrawal to discuss strengthening India-US economic ties and firming up a trade deal. The discussions followed Gor's meetings with top Indian officials, aiming to improve relations strained by recent US trade actions and visa policies.
Canadian political commentator calls for balanced action on Khalistanis to strengthen New Delhi-Ottawa ties
Udall emphasised that the Canadian government, led by Prime Minister Mark Carney, should take India's security and sovereignty concerns seriously to foster a more stable and forward-looking partnership.
India, Canada trade ministers discuss ways to strengthen economic ties
India and Canada are discussing ways to boost economic ties. Ministers Piyush Goyal and Maninder Sidhu explored new trade opportunities in clean technology, AI, agriculture, and critical minerals. This comes after past trade agreement negotiations were paused. Discussions aim to build on mutual respect and trust. India's exports to Canada saw an increase in the last fiscal year.
EAM Jaishankar meets US ambassador-designate Sergio Gor
External Affairs Minister S Jaishankar met US Ambassador-designate Sergio Gor in New Delhi on Saturday amid tensions over Washington’s 50% tariff on Indian exports. The two discussed the global significance of India-US ties. Gor, on a six-day visit, also met Foreign Secretary Vikram Misri. Despite trade frictions, both sides hope ongoing talks will ease tensions.
Prices of EVs, wind turbines, and semiconductors to rise amid fresh tariffs on China by US: GTRI
US tariffs on Chinese goods will rise 100% from November 1, 2025, pushing up prices for EVs, wind turbines, and semiconductor parts, says GTRI. The escalation heightens US-China trade tensions and may force Washington into negotiations over rare earths.
US envoy Sergio Gor, Deputy Secretary Rigas on 6-day India visit to deepen strategic ties
US Ambassador Sergio Gor and Deputy Secretary Michael J Rigas are undertaking a six-day visit to India from October 9 to 14. The duo will engage with Indian government officials to discuss various bilateral matters. Their discussions aim to further strengthen the strategic partnership between the US and India, fostering a more secure and prosperous Indo-Pacific region.
India-US in continuous dialogue for trade pact: Piyush Goyal
India and the US remain in active talks to finalise a bilateral trade agreement, with Commerce and Industry Minister Piyush Goyal saying there is “every possibility” of meeting the November deadline. Goyal noted that discussions are ongoing at multiple levels, though the next round may depend on the ongoing US government shutdown, which has temporarily halted several federal functions.
Putin says India and China will not allow to humiliate themselves
Russian President Vladimir Putin on Thursday criticized U.S. efforts to pressure India and China to cut energy ties with Russia, saying both countries will not allow themselves to be “humiliated.” He warned that higher tariffs on Russia could raise global prices, force the U.S. Federal Reserve to keep interest rates high, and slow down the U.S. economy.
Load More
