India Macro Finance Digest

US-India Trade Tensions Escalate

US-India Trade Tensions Escalate

White House report names India as top transshipment risk for Chinese goods; Senate bill threatens 100% tariffs over Russian oil imports. India refuses direct call with Trump, builds alternative trade deals (UK, EFTA, EU, Australia). US Ambassador Sergio Gor calls for predictable taxation and IP protection to unlock $500B trade goal. BTA talks complicated. Status: developing.

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Updated Aug 19, 2026