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Corn, soybean at heart of Indo-US trade talks
Orissa POST
|October 25, 2025
US President Donald Trump said this week he spoke with Indian Prime Minister Narendra Modi mainly about trade, and that Modi had assured him India would limit its oil purchases from Russia.
After the United States sanctioned Russia’s top oil producers Wednesday, Indian refiners - major buyers of cheap Russian oil - said they are set to sharply cut imports, potentially clearing a key hurdle to a US-India trade deal.
India faces steep 50% tariffs on its exports to the US - with half of the duties aimed at punishing Russian oil purchases - putting pressure on key industries including textiles, jewelry, seafood, leather, and engineering goods that employ millions of people.
Some reports say the US could cut tariffs on Indian imports to 15-16% from 50%, with the deal likely to hinge on energy and agriculture.
Dit verhaal komt uit de October 25, 2025-editie van Orissa POST.
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