Geopolitical & Economic Relations - The US-India relationship has soured, with India potentially aligning with China and Russia [1] - India's increased purchase of Russian oil, now 40% compared to less than 2% before the conflict, is viewed negatively by the US [2][3] - The US considers India's actions as prioritizing cheap oil and profit over geopolitical alignment [3] - The US emphasizes its position as the world's largest consumer with a $30 trillion economy, implying that countries will eventually need to cater to the American market [4] - The US suggests potential tariffs of 50% if India does not support the dollar and align with the US [7] Trade & Manufacturing - Some US companies have shifted manufacturing from China to India [4] - The US expresses concern that India is not opening its market sufficiently [7] Legal & Political - The US believes it has not lost leverage despite a recent court case [5] - The US anticipates the Supreme Court will side with President Trump [6]
India Needs to Pick a Side, US or Russia, Lutnick Says
Bloomberg Televisionยท2025-09-05 16:33