Washington is in talks with India over potential purchases of Venezuelan oil, the US envoy said, signaling a possible shift in sanctions policy and new energy cooperation between the two countries.
The US will cut tariffs on Indian goods to 18% after New Delhi agreed to halt Russian oil imports, marking a major shift in trade and energy ties, Reuters reported.
India has postponed a planned trade delegation to Washington amid shifting U.S. tariff policies, a source told CNBC, signaling fresh uncertainty in bilateral economic relations.
Donald Trump warned he may impose higher tariffs on India if New Delhi continues buying discounted Russian oil, Reuters reports, raising concerns over trade tensions and geopolitical alignments.