Overview
- At a CSIS event, Representative Rich McCormick said India brings investment and talent to the United States and warned that alienating New Delhi would be “big trouble.”
- He said the United States hates India’s purchases of discounted Russian oil yet acknowledged Prime Minister Narendra Modi is acting in India’s economic interest.
- The United States recently added a 25% tariff on Indian goods linked to the oil issue, taking some duties to 50%, and a bilateral trade agreement remains unresolved.
- The State Department said External Affairs Minister S. Jaishankar and Senator Marco Rubio discussed ongoing trade negotiations and ways to strengthen economic cooperation.
- Democratic Congressman Ami Bera backed engagement and, alongside McCormick, contrasted India’s investment footprint in the U.S. with Pakistan’s.