NEW DELHI: US President Donald Trump spoke to Prime Minister Narendra Modi, US ambassador to India Sergio Gor knowledgeable on Monday. He didn’t present any additional particulars of the decision, nonetheless, mentioned to “keep tuned”.This comes amid delays in India-US commerce deal after Trump imposed 50% tariffs on India for its continued buy of Russian crude.
Furthermore, Trump on Sunday claimed that a number of nations, together with India, had been anticipated to begin importing oil from Venezuela, which holds the world’s largest crude reserves. He mentioned that the transfer adopted authorized reforms in Venezuela which have opened the oil sector to personal funding after the US seize of President Nicolas Maduro on January 3.India and america have been holding commerce talks since March 2025. Since August final 12 months, the US has imposed a steep 50% tariff on Indian exports—among the many highest utilized to any nation—comprising 25% in reciprocal duties and a further 25% levy.
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