India US Trade Deal 2025: A new controversy may arise in America. Republican Senator Lindsay Graham has said that a proposed bill has been introduced in the US Senate, which has the support of President Donald Trump. Under this bill, a tariff of up to 500% can be imposed on those countries which are continuing to trade with Russia. These include India and China.
In an interview to ABC News, Graham said, “If you are buying goods from Russia and not helping Ukraine, then your products will charge 500% in the US.” He alleged that India and China together are purchasing 70% oil of Vladimir Putin and this oil is keeping his war machine alive.
India-China will be affected
This bill can be introduced in the US Senate in August. If this bill passes, then its biggest impact will have on India and China, which buy cheaper crude oil from Russia. India has become the third largest buyer of oil from Russia and has imported about 49 billion euros from Russia in the third year of the Ukraine War. Earlier, India used to get oil mainly from the Middle East, but after the war started in February 2022, it has intensified buying oil from Russia.
Pharma, textile and IT services threat
If America passes this bill, then its effect will not be limited to only oil. The entry of India’s medicines, textile and IT services into the American market can also be huge tariffs. This will directly affect India’s export and employment.
Where is the conversation stuck in Indo-US?
According to the report of India Today, a major trade agreement between India and America is now being considered almost fixed. American Treasury Secretary Scott Besant said on Tuesday that the deal is very close. However, negotiations are going on on some issues right now. The ongoing dialogue between India and America is stuck on India’s demands regarding agricultural products. The Indian delegation in Washington is discussing this with US officials.
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