<?xml version="1.0" encoding="utf-8"?>        <rss version="2.0"
            xmlns:content="http://purl.org/rss/1.0/modules/content/"
            xmlns:dc="http://purl.org/dc/elements/1.1/"
            xmlns:atom="http://www.w3.org/2005/Atom">
            <channel>
                <atom:link href="https://english.dainikjagranmpcg.com/russian-oil/tag-5578" rel="self" type="application/rss+xml" />
                <generator>Dainik Jagran English RSS Feed Generator</generator>
                <title>Russian Oil - Dainik Jagran English</title>
                <link>https://english.dainikjagranmpcg.com/tag/5578/rss</link>
                <description>Russian Oil RSS Feed</description>
                
                            <item>
                <title>US India Trade Deal: Map Row Over PoK, Aksai Chin Sparks Tension as Tariff Rollbacks Boost Exports</title>
                                    <description>
                        <![CDATA[<p><strong>US India trade deal update: PoK map removed, pulses dropped from list, Russian oil tariff rollback offers ₹40,000 cr relief. Key benefits for Indian exporters revealed. </strong></p>]]>
                    </description>
                
                                    <content:encoded>
                        <![CDATA[<a href="https://english.dainikjagranmpcg.com/business/us-india-trade-deal-map-row-over-pok-aksai-chin/article-14048"><img src="https://english.dainikjagranmpcg.com/media/400/2026-02/us-india-trade-deal-map-row-over-pok,-aksai-chin-sparks-tension-as-tariff-rollbacks-boost-exports.jpg" alt=""></a><br /><p dir="ltr">In a surprise twist to the freshly inked US India trade deal, the US Trade Representative's office quietly deleted a social media post featuring a map of India that included Pakistan-occupied Kashmir (PoK) and Aksai Chin as Indian territory. This PoK map removal has ignited diplomatic buzz, highlighting ongoing border sensitivities amid strengthening economic ties.</p>
<p dir="ltr">The map showed the entire Jammu and Kashmir region, including PoK, and Aksai Chin—claimed by China—as part of India. Posted shortly after last week's trade pact announcement, it was scrubbed without explanation, fueling speculation in New Delhi.</p>
<h2 dir="ltr">Major Changes in US Fact Sheet on US India Trade Deal</h2>
<p dir="ltr">The White House also revised its fact sheet on the US India trade deal, softening key commitments. Pulses vanished from India's tariff reduction list—no longer mentioning cuts on US agricultural imports like these. The $500 billion purchase pledge shifted from "committed" to mere "intends to," dialing back expectations.</p>
<p dir="ltr">Digital services got a breather too. India won't scrap its tariff outright; talks on digital trade rules are now on the table. Energy, ICT, coal, and select goods remain focal points.</p>
<h2 dir="ltr">Russian Oil Tariff Rollback: Big Win for India</h2>
<p dir="ltr">A major relief package emerged with the Russian oil tariff rollback. The US rolled back its 25% penalty on Indian imports of Russian oil from August 27, 2025, to February 6, 2026—potentially refunding ₹40,000 crore. Refunds go to US importers first, who'll negotiate shares with Indian firms under Customs law. Exact payouts remain unclear.</p>
<p dir="ltr">President Donald Trump formed a three-minister task force—Commerce, Foreign, and Finance—to watch India's Russian oil imports. Violations could reinstate penalties.</p>
<h2 dir="ltr">India Export Benefits from the US India Trade Deal</h2>
<p dir="ltr">This deal opens doors to America's $30 trillion market, supercharging India export benefits:</p>
<ul>
<li dir="ltr">
<p dir="ltr">Tariff cuts up to 18% on Indian goods for better US access.<br /><br /></p>
</li>
<li dir="ltr">
<p dir="ltr">Zero tariffs on generic drugs, gems, diamonds, and aircraft parts.<br /><br /></p>
</li>
<li dir="ltr">
<p dir="ltr">Boost for textiles, leather, plastics, chemicals, handicrafts, and machinery.<br /><br /></p>
</li>
<li dir="ltr">
<p dir="ltr">Section 232 exemption for aircraft parts; quota for auto components.<br /><br /></p>
</li>
<li dir="ltr">
<p dir="ltr">Easier rules for generic pharma.<br /><br /></p>
</li>
</ul>
<p dir="ltr">MSMEs, farmers, fishers, women, and youth stand to gain big.</p>
<p dir="ltr">Why now? With global trade wars raging and India's economy eyeing $5 trillion, this US India trade deal arrives amid Trump 2.0's "America First" push. The PoK map removal underscores geopolitical tightropes, but Russian oil tariff rollback and export perks signal pragmatic wins. Experts like former diplomat S Jaishankar note it balances security with commerce—vital as India diversifies from China.</p>
<p> </p>]]>
                    </content:encoded>
                
                                                            <category>Business</category>
                                    

                <link>https://english.dainikjagranmpcg.com/business/us-india-trade-deal-map-row-over-pok-aksai-chin/article-14048</link>
                <guid>https://english.dainikjagranmpcg.com/business/us-india-trade-deal-map-row-over-pok-aksai-chin/article-14048</guid>
                <pubDate>Wed, 11 Feb 2026 14:13:56 +0530</pubDate>
                                    <enclosure
                        url="https://english.dainikjagranmpcg.com/media/2026-02/us-india-trade-deal-map-row-over-pok%2C-aksai-chin-sparks-tension-as-tariff-rollbacks-boost-exports.jpg"                         length="106805"                         type="image/jpeg"  />
                
                                    <dc:creator>
                        <![CDATA[Abhishek Joshi]]>
                    </dc:creator>
                            </item>
            <item>
                <title>US Ends 25% Tariffs on India Over Russian Oil Imports, Opening ₹30 Lakh Crore Market for Exporters</title>
                                    <description>
                        <![CDATA[<p dir="ltr"><strong>US ends 25% tariffs on India, easing trade tensions and opening a ₹30 lakh crore market for Indian exporters under an interim trade deal.</strong></p>]]>
                    </description>
                
                                    <content:encoded>
                        <![CDATA[<a href="https://english.dainikjagranmpcg.com/business/us-ends-25-tariffs-on-india-over-russian-oil-imports/article-13913"><img src="https://english.dainikjagranmpcg.com/media/400/2026-02/us.jpg" alt=""></a><br /><p dir="ltr">US Ends 25% Tariffs on India: What the Interim Trade Deal Means</p>
<p dir="ltr">In a major boost to India-US economic ties, the United States has officially ended the additional 25% tariffs imposed on Indian imports over Russian oil purchases. The decision comes as part of a newly unveiled India-US interim trade deal framework, a move expected to unlock a massive ₹30 lakh crore ($30 trillion) market for Indian exporters.</p>
<p dir="ltr">The tariff rollback took effect at 10:30 am IST on February 7, 2026, following an executive order from the White House. The duties were originally imposed in August 2025, citing concerns over India’s energy trade with Russia.</p>
<p dir="ltr">Why the Tariff Rollback Matters Right Now</p>
<p dir="ltr">The announcement is timely as both nations are working toward a full Bilateral Trade Agreement (BTA), launched in February 2025 by US President Donald Trump and Prime Minister Narendra Modi. At that time, both leaders set an ambitious target of doubling bilateral trade by 2030.</p>
<p dir="ltr">According to the US administration, India’s commitment to halt direct and indirect imports of Russian oil and expand purchases of American energy products played a key role in the decision. Washington also highlighted deeper defence cooperation and alignment with US national security priorities.</p>
<p dir="ltr">Importantly, Indian exporters who already paid the additional duties will receive refunds under standard US customs procedures.</p>
<p dir="ltr">10 Key Takeaways of the India-US Interim Trade Framework</p>
<p dir="ltr">Here’s a simplified look at what the deal includes:</p>
<p dir="ltr"> 18% reciprocal tariffs on key Indian exports like textiles, leather, chemicals, machinery, home décor, and handicrafts.</p>
<p dir="ltr"> Possible tariff removal on generic drugs, gems and diamonds, and aircraft parts in the next phase.</p>
<p dir="ltr"> India to cut duties on US industrial goods and farm products such as nuts, fruits, wine, spirits, and animal feed.</p>
<p dir="ltr"> $500 billion purchase plan by India over five years covering US energy, aircraft, coal, and technology goods.</p>
<p dir="ltr"> Preferential market access for both countries in mutually important sectors.</p>
<p dir="ltr"> Relief for aviation and auto parts, including removal of some US national security tariffs.</p>
<p dir="ltr"> Pharmaceutical negotiations linked to an ongoing US Section 232 investigation.</p>
<p dir="ltr"> Reduction of non-tariff barriers, especially for medical devices, ICT goods, and agricultural exports.</p>
<p dir="ltr"> Stronger supply chains and tech ties, focusing on GPUs, data centres, and economic security.</p>
<p dir="ltr"> Clear roadmap toward a comprehensive Bilateral Trade Agreement.</p>
<p dir="ltr">Government and Global Reactions</p>
<p dir="ltr">Union Commerce Minister Piyush Goyal called the framework a game-changer, saying it opens access to a $30 trillion market and will benefit farmers, fishermen, MSMEs, women, and youth through job creation. He also stressed that sensitive sectors like dairy, grains, and poultry remain fully protected.</p>
<p dir="ltr">Meanwhile, Russia responded calmly, with the Kremlin stating that India is free to source oil from any supplier.</p>
<p dir="ltr">What’s Next?</p>
<p dir="ltr">Both New Delhi and Washington have agreed to fast-track implementation of the interim deal. For Indian exporters, this development signals reduced trade barriers, improved market access, and fresh growth opportunities at a time when global trade dynamics are rapidly shifting.</p>
<p dir="ltr">As talks move toward a full-fledged trade pact, the decision that US ends 25% tariffs on India marks a crucial turning point in strengthening one of the world’s most strategic economic partnerships.</p>]]>
                    </content:encoded>
                
                                                            <category>Business</category>
                                    

                <link>https://english.dainikjagranmpcg.com/business/us-ends-25-tariffs-on-india-over-russian-oil-imports/article-13913</link>
                <guid>https://english.dainikjagranmpcg.com/business/us-ends-25-tariffs-on-india-over-russian-oil-imports/article-13913</guid>
                <pubDate>Sat, 07 Feb 2026 17:00:13 +0530</pubDate>
                                    <enclosure
                        url="https://english.dainikjagranmpcg.com/media/2026-02/us.jpg"                         length="128000"                         type="image/jpeg"  />
                
                                    <dc:creator>
                        <![CDATA[Abhishek Joshi]]>
                    </dc:creator>
                            </item>
            <item>
                <title>US-India Trade Breakthrough: Trump Announces Tariff Cut to 18%, But Key Questions Remain</title>
                                    <description>
                        <![CDATA[<p><strong>Donald Trump announces a major US-India trade deal, slashing tariffs on Indian goods from 50% to 18%. We analyze the impacts &amp; the unconfirmed claims.</strong></p>]]>
                    </description>
                
                                    <content:encoded>
                        <![CDATA[<a href="https://english.dainikjagranmpcg.com/opinion/us-india-trade-breakthrough-trump-announces-tariff-cut-to-18-but/article-13671"><img src="https://english.dainikjagranmpcg.com/media/400/2026-02/us-india-trade.jpg" alt=""></a><br /><p dir="ltr">US-India Trade Breakthrough: Trump Announces Tariff Cut to 18%, But Key Questions Remain</p>
<p dir="ltr">In a sudden late-night announcement that could reshape economic ties, former and potential future US President Donald Trump declared a pivotal trade agreement with India. The deal, reportedly finalized during a phone conversation with Prime Minister Narendra Modi, promises to significantly ease trade tensions that had been simmering for over a year.</p>
<p dir="ltr">The Core of the Deal: A Major Tariff Reduction</p>
<p dir="ltr">The centerpiece of the announcement is a drastic reduction in US tariffs on Indian goods. Previously, India faced a compounded 50% tariff—25% labeled as a "reciprocal" levy on Indian products and an additional 25% imposed due to India's continued import of Russian oil. According to Trump's statement, the reciprocal portion will be immediately reduced from 25% to 18%. Crucially, the additional 25% tariff linked to Russian oil imports is set to be completely waived.</p>
<p dir="ltr">In return, Trump claims India has agreed to "remove most tariff and non-tariff barriers" and levy zero tariffs on a majority of US goods. He also stated India pledged to purchase $500 billion worth of American energy, technology, agriculture, and machinery products.</p>
<p dir="ltr">A Strategic Shift Following the EU Deal</p>
<p dir="ltr">Analysts see this swift agreement as a direct geopolitical and economic maneuver. It comes just days after India inked a separate trade deal with the European Union (EU). That agreement had drawn sharp criticism from Trump's camp, who argued it primarily benefited India and would divert Indian exports away from the US market. The new US-India deal appears to be a strategic counterpunch to ensure American economic interests aren't sidelined.</p>
<p dir="ltr">"Every economy acts in its national self-interest," notes a trade policy observer. "The EU deal likely triggered a sense of urgency in Washington. Losing the Indian market to European competitors was a risk the US couldn't afford."</p>
<p dir="ltr">Unconfirmed Claims and the Russian Oil Question</p>
<p dir="ltr">While Prime Minister Modi confirmed the conversation and celebrated the reduced tariffs for "Made in India" products, his statement did not verify several of Trump's specific claims. This creates a zone of ambiguity around two major points:</p>
<p dir="ltr">1.  Cessation of Russian Oil Imports: Trump asserted that India agreed to stop buying Russian oil and would instead source more from the US and Venezuela. India has made no such official confirmation. Given Russia's status as a long-term, reliable partner and a key supplier of discounted oil, a sudden, complete halt seems improbable. Experts suggest India may reduce imports marginally, but a total cutoff is unlikely and may represent political messaging for Trump's domestic audience.</p>
<p dir="ltr">2.  The $500 Billion Purchase Pledge: The massive commitment to buy American goods also remains unconfirmed by New Delhi. The specifics of this pledge, including the timeline and sectors, are unclear and will be critical in assessing the deal's balance.</p>
<p dir="ltr">Potential Impact on India: A Competitive Edge</p>
<p dir="ltr">If implemented as outlined, the tariff reduction could be a substantial boost for key Indian export sectors.</p>
<p dir="ltr">Immediate Export Boost: Slashing the effective tariff from 50% to 18% will make Indian products like gems &amp; jewellery, textiles, leather goods, and machinery far more competitive in the US market.</p>
<p dir="ltr">Gaining Advantage: Compared to competitors like Vietnam, Cambodia, Indonesia, and Pakistan—which face US tariffs around 19-20%—India's new 18% rate could provide a valuable competitive edge.</p>
<p dir="ltr">Investment Inflow: The de-escalation of trade tensions is likely to restore investor confidence, potentially reversing recent foreign investment outflows and boosting Indian stock markets.</p>
<p dir="ltr">What to Watch Next: The Devil in the Details</p>
<p dir="ltr">The announcement is a headline; the real substance will be in the fine print. Key details are still awaited, including:</p>
<p dir="ltr">   Sector-specific commitments and phase-out schedules.</p>
<p dir="ltr">   The exact nature of tariff reductions India will offer on US goods.</p>
<p dir="ltr">   Clarifications on services trade and non-tariff barriers.</p>
<p dir="ltr">   Official confirmation (or denial) of the Russian oil and $500 billion purchase claims.</p>
<p dir="ltr">A Step Forward, With Caveats</p>
<p dir="ltr">The US-India trade deal announcement marks a significant diplomatic thaw after a period of strain and positions India as a nation skillfully navigating between major global powers. While it offers tangible benefits for Indian exporters, the unverified elements introduce a note of caution. The coming days, as more details emerge, will reveal whether this is a fully balanced agreement or a deal where the public pronouncements and private commitments may not entirely align. For now, it underscores a mutual recognition: in today's fragmented global economy, neither the US nor India can afford prolonged economic discord.</p>
<p> </p>]]>
                    </content:encoded>
                
                                                            <category>Opinion</category>
                                    

                <link>https://english.dainikjagranmpcg.com/opinion/us-india-trade-breakthrough-trump-announces-tariff-cut-to-18-but/article-13671</link>
                <guid>https://english.dainikjagranmpcg.com/opinion/us-india-trade-breakthrough-trump-announces-tariff-cut-to-18-but/article-13671</guid>
                <pubDate>Tue, 03 Feb 2026 16:05:51 +0530</pubDate>
                                    <enclosure
                        url="https://english.dainikjagranmpcg.com/media/2026-02/us-india-trade.jpg"                         length="102282"                         type="image/jpeg"  />
                
                                    <dc:creator>
                        <![CDATA[Abhishek Joshi]]>
                    </dc:creator>
                            </item>

            </channel>
        </rss>
        