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Trump hints at cutting tariffs on India as loyalist Sergio Gor sworn in as ambassador
CNBCยท 2025-11-11 10:00
Core Points - U.S. President Donald Trump is testing political diplomacy with India as Sergio Gor becomes the new ambassador amid trade tensions and Russian oil imports affecting bilateral relations [1][2] - Trump indicated that the U.S. may lower tariffs on Indian goods due to a reduction in Russian oil imports, suggesting progress towards a trade deal [2] - Despite Trump's comments, data from Kpler shows that India's imports of Russian crude remained stable at 1.59 million barrels per day in October, indicating that the situation may not be as favorable as suggested [3] Group 1: Diplomatic Relations - Gor's priorities include promoting investment in U.S. industries, increasing American energy exports, and expanding security cooperation with India [4] - Gor's arrival in New Delhi and discussions with Prime Minister Modi focused on defense, trade, technology, and the importance of critical minerals for both nations [5] - The approach taken by Gor represents a shift towards faster communication with India, potentially bypassing traditional diplomatic channels [5] Group 2: Trade and Economic Implications - The potential lowering of tariffs on Indian goods is linked to the reduction of Russian oil imports, which have been a point of contention in U.S.-India trade relations [2] - The appointment of a "political" ambassador like Gor may expedite trade negotiations, but it also introduces risks of volatility in ties if public opinion shifts in either country [6]