U.S.-India trade talk troubles: Here's what you need to know

Trade Relations & Geopolitics - India's absence from the Asian summit in Kuala Lumpur suggests stalled trade deal progress with the US [2] - Oil imports from Russia are a major obstacle in finalizing a trade deal between the US and India [2][5] - The US imposing a 50% tariff on India is putting considerable pressure on India's economy [4] - Balancing relations with Russia (a major oil supplier) and the US is a delicate act for India [6] Investment & Market Performance - Investors are becoming more selective about investments in India due to cooling tensions between the US and India [3] - While India's market is up year-to-date, it's trailing behind the rebound of China, Japan and Argentina [4] - UBS's CIO of emerging markets is more bullish on Chinese tech due to the tariff pressures on India [4] Oil Market Dynamics - India has increased imports of discounted Russian oil following the Russia-Ukraine conflict [3] - The Trump administration's tariffs on Russian oil are forcing India to reduce purchases faster than initially planned [3] - Russia has been a significant oil supplier to India for years [6]