Overview

• U.S.-imposed duties of about 50% on Indian goods remain in effect, combining a 25% reciprocal tariff with a 25% penalty linked to Russian crude purchases.
• A senior State Department official and Treasury Secretary Scott Bessent reported positive progress on the energy issue, with a near-term outcome anticipated.
• Energy Secretary Chris Wright urged India to forgo Russian oil and promoted broader cooperation across U.S. oil, gas, coal, nuclear power and clean fuels.
• Commerce Minister Piyush Goyal signaled plans to increase U.S. energy imports and called for trade that is not weaponised as negotiations toward a bilateral deal resumed.
• Negotiator-level meetings in New York and New Delhi put talks back on track, with U.S. officials saying H‑1B visa fees are being handled separately as Prime Minister Narendra Modi reaffirmed long-standing ties with Russia.