This report covers the ongoing trade talks between India and the United States, marked by mixed signals from the US President who has both praised ties and justified tariffs. Despite this, Indian officials, including the Commerce Minister and Chief Economic Advisor, remain optimistic, with the latter stating, “I do believe that there will be a resolution in the next couple of months on the clear tariff.” The situation is complicated by geopolitical factors, with the US linking trade to India’s purchase of Russian oil. Russia’s Foreign Minister has stated the US cannot stop India and China from buying oil. In a related development, Washington has revoked the sanctions waiver for Iran’s Chabahar port, a move that will be effective September 29th and could impact India’s regional connectivity plans.
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