Modi and Trump discuss trade amid sanctions concerns
pre-market1 source ↓written by the desknot a recommendation
Prime Minister Narendra Modi and US President Donald Trump held their first call following the US sanctions legislation targeting Russia and Iran. They agreed to enhance the India-US strategic partnership amid rising trade tensions, particularly concerning potential tariffs up to 100% on Russian oil imports. Modi emphasized India's need to protect its economic interests and energy security.
• Key issues discussed included tariffs on Russian oil purchases.
• The call follows Xi Jinping’s recent visit to the US, highlighting ongoing geopolitical dynamics.
Not investment advice. For informational purposes only.