India has refused oil due to Trump

Trump announced agreements with Indian Prime Minister Narendra Modi.

Key points: reduction of Russian oil purchases, increase in energy imports from the USA (and possibly Venezuela) and reduction of trade tariffs between the countries.

The USA will lower the mutual tariff from 25% to 18%, and India promised to move towards zero tariffs for American goods.

India also announced plans to increase purchases from the USA by more than $500 billion in energy, technology, agriculture, and other sectors.

📌 What does this mean?

This is an attempt to redistribute global energy flows and increase pressure on Russia through its key buyers.

For the USA – this supports exports, the dollar, and domestic policy. For India – access to markets and reduction of trade costs.

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