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BTCC / BTCC Square / Global Cryptocurrency /
Trump Signals Potential Tariff Reduction for India Amid Energy Trade Shifts

Trump Signals Potential Tariff Reduction for India Amid Energy Trade Shifts

Author:
Global Cryptocurrency
Published:
2025-11-11 19:36:01
14
2
BTCCSquare news:

President Donald TRUMP has indicated that U.S. tariffs on India may soon be eased, citing New Delhi's reduced reliance on Russian crude oil. The remarks came during the swearing-in ceremony of Sergio Gor, the newly confirmed U.S. ambassador to India, who Trump tasked with bolstering investment and energy exports.

Market data from Kpler complicates the narrative, showing India's Russian oil imports holding steady at 1.59 million barrels per day in October, with additional shipments potentially en route. The discrepancy between diplomatic statements and trade flows creates uncertainty about the timeline for tariff relief.

Gor's appointment signals Washington's focus on strengthening strategic ties, with security cooperation and energy trade positioned as key pillars of the bilateral relationship. The ambassador's arrival coincides with delicate negotiations over India's balancing act between Western allies and discounted Russian commodities.

|Square

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