Trump Cuts India Tariffs in Deal He Links to Russian Oil [Yahoo! Finance Canada]
U.S. Energy Corp. (USEG)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Following a phone call with Modi, Trump said on social media that he would cut a US levy on Indian goods to 18% from 25%. The US president is also removing an extra punitive 25% duty applied in response to India's purchases of crude from Russia, according to officials familiar with the matter. India would “move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO”, Trump wrote, as well as purchase “over $500 BILLION DOLLARS of U.S. Energy, Technology, Agricultural, Coal, and many other products.” Modi confirmed the pact, posting on social media that “Made in India products will now have a reduced tariff of 18%.” He did not provide further details on oil or on agricultural imports, a major sticking point for New Delhi. India has not traditionally been an importer of Russian crude, but emerged as a key buyer in the aftermath of Moscow's 2022 invasion of Ukraine, as trade flows were upended and discounts became attra
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News
- Trump refuses to be outdone by Europe, signing his own U.S.-India trade deal [CNBC]CNBC
- Trump Cuts India Tariffs in Deal He Links to Russian Oil [Yahoo! Finance]Yahoo! Finance
- As Clean Energy Jobs Grow, Workers Want Stability And Transparency [Forbes]Forbes
- SAF Producer Neste Walks Back 2035 Zero-Emission Pledge [Yahoo! Finance]Yahoo! Finance
- U.S.-Indonesia trade deal is in danger of falling apart, FT reports [CNBC]CNBC
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Sec Filings
- 1/8/26 - Form 4
- 12/2/25 - Form 424B3
- 12/2/25 - Form EFFECT
- USEG's page on the SEC website