'We expect the Indian delegation to flag New Delhi's worries and elaborate on its standpoint on the Russia-linked tariff as well as the Section 301 investigation into overcapacity.'
The US announced a 60-day pause on sanctions against Russia and tariffs on other countries, including India, to analyse the global economic impact. This decision, made via an executive order by Trump, has drawn significant criticism from both Republicans and Democrats, who had previously passed the Lindsey O. Graham Sanctioning Russia and Iran Act. US officials stated the waiver allows for assessment of global energy pressures and European allies' refusal to impose secondary sanctions on Russian oil buyers.
Navigating this geopolitical minefield requires a cold-blooded blend of immediate tactical pleading, structural domestic diversification, and aggressive collective resistance, suggests Ambassador Rajasekhar.
Trump has enacted a new law imposing significant sanctions on Russia and Iran, which could lead to tariffs of up to 100% on major energy importers like India and China.
President Donald Trump is set to sign the Sanctioning Russia and Iran Act, which includes tariffs on countries buying Russian oil and gas, such as India. India has voiced concerns over the potential impact on its ties with the US and the global energy market.
US Secretary of State Marco Rubio kick-started a three-day visit to India on Tuesday to advance bilateral ties in energy, trade and investment, defence, critical technologies, and exchange views on the West Asia crisis.
The US House of Representatives has passed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, authorising President Trump to impose sanctions on Russia's energy sector and tariffs on countries like India and China that purchase Russian oil and gas. The legislation aims to curb Russia's ability to evade existing sanctions and reduce global dependence on its energy exports, despite some Democratic opposition to increased tariff authority for the President.
The US House of Representatives has advanced a bill that would empower President Donald Trump to impose 100 per cent tariffs on countries, including India, that purchase oil and gas from Russia, and also extend sanctions on Iran. The legislation, which previously passed the Senate, aims to curb Russia's energy revenue amidst the Ukraine conflict.
'... but runs with the rigour and discipline of a large enterprise.'
US President Donald Trump has threatened the European Union with "very heavy tariffs" if he perceives their actions as hostile, specifically in response to Canada's efforts to deepen economic and strategic ties with the EU. This comes as European Commission President Ursula von der Leyen invited Canada to become the EU's first "associate member" to strengthen resilience amid global trade uncertainties and US trade policies.
The United States has announced a new round of trade measures against Canada, including bans on Canadian dairy, alcoholic beverages, and motorcycles, and reshuffled existing tariffs. This escalation comes after Canada imposed retaliatory tariffs on American goods. The US administration cited Canada's retaliatory actions as the trigger, contrasting it with other nations that chose negotiation over retaliation.
The US senate last week passed a bill that would allow Washington to impose tariffs on major buyers of Russian energy.
US Secretary of State Marco Rubio is on a three-day visit to India to discuss bilateral ties in energy, trade, investment, defence, and critical technologies, as well as the West Asia crisis. His visit aims to strengthen the India-US Comprehensive Global Strategic Partnership amidst existing friction, with a focus on finalising a proposed bilateral trade deal.
The US Senate has overwhelmingly approved a bill, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which aims to punish Russia and its major petroleum product buyers, including China and India. The legislation allows the US President to impose 100 per cent tariffs on goods from the top five importers of Russian oil and gas, and also extends sanctions on Iran's energy sector. The bill, championed by the late Senator Lindsey Graham, now moves to the House of Representatives for further approval.
US Secretary of State Marco Rubio's visit to India this week underscores the complex dynamics of global energy policy, as Washington re-evaluates sanctions on Russian oil buyers amidst India's continued reliance on Russian crude.
'India should not trade away its energy security for temporary tariff relief. Neither signing a trade agreement nor stopping Russian oil purchases can protect it from future US action.'
US President Donald Trump stated that the US and India are 'pretty close' to finalising a trade deal, which he expects to be significantly different from previous agreements. This announcement comes amidst ongoing discussions between officials from both nations, including Secretary of State Marco Rubio's visit to India and Commerce Minister Piyush Goyal's meetings with US Trade Representative Jamieson Greer, following an initial framework agreement in February.
It is plain to see that the US senate bill's real objective is to derail India's time-tested strategic partnership with Russia, points out Ambassador M K Bhadrakumar.
The BRICS summit in New Delhi brings together leaders from major emerging economies to address global challenges like trade disputes, geopolitical upheavals, and the economic impact of conflicts in Ukraine and West Asia. India, as chair, aims to position BRICS as an economic growth engine, focusing on the Global South's food, energy, and supply chain security. The summit also highlights the grouping's expansion and its growing influence in global governance.
A bipartisan group of US Senators has agreed to fast-track a bill allowing the President to impose sanctions on major purchasers of oil from Russia and Iran. This legislation, known as the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, aims to restrict funding for Russia's war efforts and Iran's energy and weapons sectors, potentially impacting countries like China and India through tariffs and other restrictions.
Russia on Monday assured India of uninterrupted supply of energy and fertilisers amid disruption caused by the West Asia crisis, as External Affairs Minister S Jaishankar met President Vladimir Putin in Moscow and held talks with his key interlocutors.
'It is a blunt and dangerous attempt to pressure India to sign BTA on one-sided terms.'
US President Donald Trump has issued a waiver from sanctions under the Sanctioning Russia and Iran Act, citing national interest. This move comes after a deal with Russia for diesel supply and ahead of a US official's visit to India, where concerns about the act's impact on India's oil imports were raised.
Marco Rubio will visit Mumbai and Jamnagar to discuss energy cooperation as S Jaishankar says India-US trade talks are nearing a landing point, with a few issues unresolved.
India has stated its commitment to protecting its economic interests and ensuring energy security after the US House of Representatives passed a bill allowing the US President to impose tariffs of up to 100 per cent on countries, including India and China, for purchasing Russian crude oil. The Ministry of External Affairs affirmed India's resolve to maintain diversified energy sourcing and has articulated its concerns to US interlocutors regarding the bill's potential implications.
While India and the US have narrowed their differences, the remaining issues will be the hardest to resolve
The International Monetary Fund (IMF) has increased India's growth forecast to 7 per cent for 2026-27, up from 6.4 per cent, attributing this robust outlook to resilient domestic demand and strong services activity, positioning India as one of the fastest-growing major economies.
US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.
Chinese President Xi Jinping is set to visit the United States from September 23 to 25 for summit talks with US President Donald Trump, with discussions expected to cover critical economic and trade issues, including AI, and the recently signed US sanctions law targeting countries buying Russian oil and gas.
Prime Minister Narendra Modi and US President Donald Trump held a telephone conversation to review progress in bilateral ties, covering trade, defence, and energy, against the backdrop of heightened trade friction due to the 'Lindsey O. Graham Sanctioning Russia and Iran Act of 2026'.
Indian benchmark indices, Sensex and Nifty, recorded their fifth consecutive day of losses, driven by investor caution over rising oil prices due to West Asia tensions and renewed concerns regarding US trade tariffs.
'If you listen to a rowdy in a class, he will keep on bullying you.' 'India can say do whatever you want. We will not compromise on anything.'
Indian stock market investors are closely monitoring crude oil prices, geopolitical developments in West Asia, and the implications of the US Sanctioning Russia and Iran Act, which could impose tariffs on countries, including India, that purchase Russian crude.
The bill, introduced on Thursday, was conceived by Democrat Senator Richard Blumenthal and late Republican Senator Lindsey Graham and has the support of over 60 lawmakers.
External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio on the sidelines of the UN General Assembly session in New York. India raised its concerns regarding the recently signed "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026," which authorises tariffs on countries buying Russian oil and gas. Both leaders also discussed bilateral relations, regional priorities, and the situations in the Gulf and Ukraine.
The US House of Representatives is debating a bill that would authorise the President to impose sanctions on Russia and steep tariffs on its oil and gas trading partners, including India and China. The bill, aimed at pressuring Russia over the Ukraine war, has faced opposition but is expected to be put to a vote.
Top US and Chinese officials, including Vice Premier He Lifeng and Treasury Secretary Scott Bessent, held "candid, in-depth and constructive" talks in New York on economic and trade issues, with a specific focus on artificial intelligence. These discussions precede Chinese President Xi Jinping's anticipated visit to Washington and occur amidst new US sanctions targeting countries purchasing Russian oil and gas, and the US unveiling an "AI Force."
US lawmakers are racing to amend the Russia sanctions bill before recess. One amendment specifically names India, China, and other countries as potential targets for 100% tariffs due to their oil trade with Russia. Another significant amendment proposes to scrap the tariff section entirely, while others address presidential waiver powers and aid to Ukraine.
The subtext here is that nobody else really matters to America today; only China, because nobody else can truly hurt them, points out Mihir S Sharma.
India and the United States have reviewed progress on a proposed interim bilateral trade agreement, discussing market access, digital trade, and non-tariff barriers, as they race to finalise a deal before a temporary 10 per cent US tariff regime expires on July 24.
