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Us India Relations

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US Grants Short-Term Waiver for India to Import Stranded Russian Oil
world1 month ago

US Grants Short-Term Waiver for India to Import Stranded Russian Oil

The US Treasury issued a 30-day waiver allowing Indian refiners to purchase Russian oil stranded at sea to keep global supplies flowing, describing it as a short-term stopgap and saying Russia won’t gain significant financial benefit. Washington also expects India to eventually buy more US oil. Indian refiners have been buying Russian cargoes amid an oil crunch, with about 20 million barrels contracted so far, and state refiners continue talks with traders for prompt deliveries.

EU-India trade deal moves forward amid U.S. stance uncertainty
business2 months ago

EU-India trade deal moves forward amid U.S. stance uncertainty

India and the EU announced a landmark free-trade agreement to reduce tariffs on more than 90% of goods, with India cutting duties in agriculture and autos and the EU easing tariffs on textiles, leather, marine products and jewelry—a long-sought deal that faces uncertainty from U.S. President Trump’s stance even as markets brace for a Fed decision and broader shifts in global trade.

Trump Considers Tariff Cuts on India as Sergio Gor Officially Sworn In as U.S. Ambassador
world5 months ago

Trump Considers Tariff Cuts on India as Sergio Gor Officially Sworn In as U.S. Ambassador

U.S. President Donald Trump indicated a potential reduction in tariffs on Indian goods following Sergio Gor’s swearing-in as ambassador to India, signaling a possible move towards a trade deal amidst ongoing tensions over Russian oil imports and strategic ties. Despite Trump’s comments, data shows Russian oil imports to India remain steady, and India continues to strengthen its ties with Russia, complicating the US-India relationship. The appointment of Gor aims to expedite negotiations, but also raises concerns about diplomatic volatility.

Trump's $100K H-1B Visa Fee Sparks Industry Concerns
business6 months ago

Trump's $100K H-1B Visa Fee Sparks Industry Concerns

Donald Trump's new $100,000 fee for H-1B visas threatens to disrupt Indian IT firms' US projects, impacting their margins and straining US-India relations amid broader immigration and trade tensions. The policy increase aims to curb abuses but risks backfiring by raising costs for US companies and encouraging them to expand their offshore operations in India. Major Indian tech firms are likely to challenge the move in court, as it affects their ability to deploy engineers in the US.