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Market Impact: 0.55
U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call
Source: CNBC
Tax & TariffsTrade Policy & Supply ChainGeopolitics & WarSanctions & Export ControlsEnergy Markets & Prices
India faces a potential U.S. tariff of up to 100% over its continued purchases of Russian oil, adding a significant new risk to already strained U.S.-India relations. The threat could disrupt bilateral trade flows and pressure India’s energy-import strategy, while reinforcing sanctions-related risks for buyers of Russian crude.
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