Indian Politics
US Waives Tariffs on Indian Energy Imports, Citing Hard Transition
Hindustan Times1h
THE BRIEF
1
US President Donald Trump issued an executive order on Friday deferring secondary tariffs on India and four other nations under Section 115 of the Sanctioning Russian and Iran Act.
2
US Secretary of State Marco Rubio stated that New Delhi has voluntarily diversified its energy portfolio but needs a 60-day window because pivoting away from Russian energy in a day is difficult.
3
The temporary waiver follows a Washington-Moscow diesel supply deal announced last week, as Trump navigates domestic policies ahead of the November 3 midterm elections.