India–US trade deal lifts Russian oil tariffs, $500 billion buy pledge flagged by Poonam Sharma
Автор: PTI News
Загружено: 2026-02-02
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A major India–US trade understanding is taking shape, described as “monumental” by Poonam Sharma of Global Strat View. She highlights that punitive tariffs linked to India’s Russian oil purchases have been lifted, with the White House confirming removal of an additional 25% levy.
Sharma also points to remarks by current US President Donald Trump suggesting India’s tariffs could move to zero, raising questions over the “reciprocal” tariff framing. Another key announcement is a proposed $500 billion Indian purchase commitment, a figure that stands out in comparison to India’s recent budget outlay. Detailed terms of the arrangement are still awaited.
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