The US sends mixed signals on trade as talks with India continue. US President Trump called PM Modi a "close friend" while justifying tariffs on India, linking them to New Delhi’s oil purchases from Russia. Despite this, India remains optimistic, with Commerce Minister Piyush Goyal stating that talks are moving in the right direction. Adding to this, Chief Economic Advisor V Anant Nageshwaran expressed hope for a resolution, stating, "I do believe that there will be a resolution in the next couple of months on the clear tariff." In a parallel development, Washington has revoked the sanctions waiver for Iran’s Chabahar port, effective September 29th, impacting India’s connectivity project. Meanwhile, Russia’s Foreign Minister has asserted that Washington cannot prevent sovereign nations like India and China from buying its oil.
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