financetom
Business
financetom
/
Business
/
India, US to hold trade talks this week in Washington, source says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India, US to hold trade talks this week in Washington, source says
Oct 13, 2025 3:17 AM

NEW DELHI (Reuters) -India and the United States are set to hold trade talks this week, with New Delhi pledging to import U.S. energy and gas as it aims to address Washington's concerns over its Russian oil purchases, an official said.

Talks were suspended briefly in August after the Trump administration announced tariff hikes of up to 50% on Indian goods, accusing India of financing Russia's war in Ukraine by continuing to buy Moscow's oil despite western sanctions.

However, discussions resumed in September after U.S. President Donald Trump struck a conciliatory tone in public remarks and spoke to Prime Minister Narendra Modi on the phone, raising hopes for a breakthrough.

The official, speaking on condition of anonymity because they were not authorised to speak to the media, said India was looking to increase purchases of energy and gas from the U.S.

Indian officials held "constructive" talks with U.S. counterparts during a visit to Washington last month, the government said, and both sides agreed to continue discussions aimed at concluding a mutually beneficial trade deal soon.

Negotiations between the two countries began in February 2025, targeting a deal to double bilateral trade to $500 billion by 2030.

The two sides have held five rounds of trade talks, with the sixth postponed in August following tariff escalations. The official said both countries expect to sign the first tranche of the deal by next month, as initially agreed by Trump and Modi.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Form 8.3
Form 8.3
Mar 23, 2026
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser:   Millennium International Management LP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of...
West Red Lake Gold Mines Says Added To GDXJ Junior Gold Miners ETF; Shares up 3%
West Red Lake Gold Mines Says Added To GDXJ Junior Gold Miners ETF; Shares up 3%
Mar 23, 2026
11:25 AM EDT, 03/23/2026 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) on Monday said it has been included in the VanEck Junior Gold Miners (GDXJ) exchange-traded fund (ETF) amid the fund's quarterly rebalance. We are pleased to be included in the widely followed GDXJ index, which we believe will further elevate our market visibility and trading...
Form 8.3
Form 8.3
Mar 23, 2026
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser:   Millennium International Management LP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of...
Form 8.3
Form 8.3
Mar 23, 2026
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser:   Millennium International Management LP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved