India
Modi and Trump review ties after Russia sanctions law
The Hindu··1 Oct
Prime Minister Narendra Modi said he had a productive telephone conversation with US President Donald Trump on Wednesday. Modi said they reviewed cooperation in trade, defence, energy and critical technologies. The call followed enactment of the Lindsey O Graham Sanctions Against Russia and Iran Act. The law can impose up to 100% tariffs on nations importing Russian oil, including India.
Prism
What It Means For You
- Indian buyers of Russian oil face potential tariff exposure under the new US law.
- Commerce Minister Piyush Goyal was in the US for G20 trade ministers' meetings this week.
- Modi is expected to attend the Florida G20 summit on December 14-15, officials said.
What's Happening
- Modi posted on X that both sides agreed to maintain close engagement on the partnership.
- They exchanged views on regional issues and efforts to advance global peace and security.
- External Affairs Minister S. Jaishankar had raised India's SRIA concerns with Marco Rubio at UNGA.
SRIA and the Phone Call
- Jaishankar told the Asia Society that FTA talks faced complexity over income and agriculture gaps.
- He cited US court action on reciprocal tariffs and new Section 301 tariffs as fresh friction.
- US envoy Sergio Gor called the Modi Trump call very good in a post on X.
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