US President Donald Trump expressed optimism about ongoing trade negotiations with India during a White House press briefing on Thursday. Describing the talks as ‘going good,’ Trump also hinted at a potential visit to India next year, praising Indian Prime Minister Narendra Modi as ‘a friend’ and ‘a great man.’ Trump reiterated his claim that India has ‘largely stopped buying oil from Russia,’ a statement he has made repeatedly in recent weeks. This comes after the US imposed 50% tariffs on India in August, including a 25% penalty for purchasing Russian oil and arms, which Trump argues funds Moscow’s war in Ukraine—a claim India denies. The trade talks, which had stalled over India’s Russian oil imports, have now resumed as both nations aim to finalize a high-stakes trade deal this fall. Trump’s remarks also addressed the possibility of his attendance at the Quad Summit, a strategic alliance between Japan, the US, Australia, and India, scheduled to be hosted by India later this year. While the exact dates for the 2025 summit remain unconfirmed, Trump emphasized his commitment to strengthening US-India ties. Despite Trump’s assertions, India has not directly confirmed a reduction in Russian oil imports. Preliminary data from October showed a slight increase in India’s Russian oil purchases, though major refiners have reportedly scaled back following new US sanctions on Russian producers. India, the second-largest importer of Russian crude, has defended its energy strategy, citing the need to secure affordable oil for its population. The Trump administration has urged India to diversify its energy sources by increasing purchases from the US. Despite recent tensions, bilateral relations appear to be improving, with Trump and Modi frequently communicating and publicly reaffirming their commitment to enhancing trade and cooperation. In 2024, bilateral trade between the US and India reached $190 billion, with both leaders aiming to more than double this figure to $500 billion.
