India-US Trade Talks Tomorrow: High Stakes Amid Tariffs & Russian Oil Bill

• India-US trade talks are at a critical juncture, influenced by stalled market access negotiations and potential US Supreme Court rulings on Trump-era tariffs.
• Indian markets are closely watching as the US Supreme Court's decision could impact the legality of emergency tariff powers and India's export competitiveness.
• India faces steep 50% tariffs on US exports since 2025 and is monitoring a proposed US bill for 500% tariffs on countries buying Russian oil.
• US Ambassador Sergio Gor confirmed talks, emphasizing determination to resolve issues while highlighting broader cooperation in security, technology, and health.
• Key sticking points include US demands for duty concessions on agricultural products (almonds, corn, apples) and industrial goods, which India resists to protect domestic producers.

Why It Matters: India-US trade talks face significant hurdles over tariffs and market access, with no immediate breakthrough expected.