Why the US-India Trade Deal Hinges on Russian Oil

为何美印贸易协议关乎俄罗斯石油

Big Take Asia

2026-02-06

23 分钟
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单集简介 ...

This week, the US and India announced a surprise new trade deal that slashes tariffs on Indian goods. It has one major possible catch: a commitment from India to stop buying cheap Russian oil — which will be easier said than done.  On today's Big Take Asia Podcast, Bloomberg’s Sudhi Ranjan Sen joins host Oanh Ha to break down the deal and explain what it means for India’s economy and its relationships with the US, Russia and China. Read more:  Trump’s Surprise Trade Deal With India Resets Fractured Ties - Bloomberg  Further listening: India Wanted to Become The World’s Toymaker. Then Tariffs Happened  India Won’t Stop Buying Russian Oil. Now It’s Paying the Price. See omnystudio.com/listener for privacy information.
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  • For months, the relationship between the world's two biggest democracies, the US and India,

  • looked as if it might be on life support.

  • The US has slapped a crushing 50% tariff on some Indian goods.

  • An additional 25% tariff on top of that over India's imports of Russian energy supplies.

  • India's ambassador to Russia saying it will continue to buy oil wherever it gets the best deal.

  • Following President Trump's...

  • The two countries have been involved in intense trade talks for months

  • after the US hiked tariffs on Indian goods up to 50% last August.

  • Then on Monday, things took a drastic turn.

  • President Trump saying that those tariffs are going to be slashed

  • after Prime Minister Narendra Modi agreed to stop buying Russian oil.

  • President Trump and India's Prime Minister Modi announced the US would lower

  • the so-called reciprocal tariff rates on Indian imports to 18% from 25%.