Overview
- Sergio Gor officially took the oath in the Oval Office, with Vice President JD Vance administering it as President Trump presided in a rare, high-profile ceremony.
- Trump said the United States is getting close to a "fair" agreement with India that he says would boost U.S. energy exports, investment and security cooperation.
- He suggested U.S. tariffs on Indian goods could be lowered, asserting India has substantially reduced Russian oil imports, a claim not confirmed by New Delhi.
- Market tracker Kpler reported India’s October Russian crude flows were largely steady versus September, leaving Trump’s rationale for tariff relief in question.
- Negotiators have completed five rounds since March, and Commerce Minister Piyush Goyal says talks are progressing even as sensitive issues remain; Gor, a close Trump aide confirmed in October, met Prime Minister Narendra Modi in New Delhi ahead of assuming the post.