Overview

• Lutnick said India is among countries the U.S. needs to "fix" and urged New Delhi to "react correctly" by opening its markets.
• He criticized India's increased buys of discounted Russian crude as "plain wrong" and questioned New Delhi's alignment.
• The U.S. currently applies a combined 50% duty on Indian goods, including a 25% penalty linked to ongoing Russian oil purchases.
• An Indian delegation led by Commerce and Industry Minister Piyush Goyal met U.S. officials in Washington on September 22–24, and India reported "constructive" talks with plans to keep engaging.
• Lutnick emphasized U.S. leverage as the world's largest consumer market, predicting Indian businesses will push their government to reach a deal.