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Events / Geopolitical / India-US Trade Deal Stalls
International trade negotiations

India-US Trade Deal Stalls

Analysis based on 11 articles · First reported Jan 09, 2026 · Last updated Jan 09, 2026

Sentiment
-20
Attention
6
Articles
11
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The stalled India-United States trade deal and potential for increased tariffs on India, especially due to its Russian oil purchases, could negatively impact India's export market and economic growth. Conversely, other Asian nations like Indonesia, Philippines, and Vietnam have benefited from new trade deals with the United States.

International Trade Oil & Gas
Event Summary

The India-United States trade deal, which was close to completion, fell through because Prime Minister Narendra Modi did not call US President Donald Trump, as revealed by US Commerce Secretary Howard Lutnick. This failure led the United States to pursue and finalize trade deals with other Asian countries like Indonesia, Philippines, and Vietnam at higher rates, following Donald Trump's 'staircase' negotiation approach where earlier deals get better terms. India now faces 50% tariffs on its exports to the United States and potential additional tariffs of up to 500% if it continues to purchase Russian oil, a practice Donald Trump has expressed unhappiness about. The United States has already imposed a 25% tariff on India for its Russian oil trade and sanctioned Russian oil firms Rosneft and Lukoil. Despite India's offer of a 'best ever' deal for the first tranche of the agreement, negotiations remain stalled, with no further physical rounds expected.

Entities Involved
stock
Lukoil
Lukoil, a Russian oil firm, has been sanctioned by the United States, impacting India's oil purchases from Russia.
Importance 5.0 Sentiment -10.0
stock
Rosneft
Rosneft, a Russian oil firm, has been sanctioned by the United States, impacting India's oil purchases from Russia.
Importance 5.0 Sentiment -10.0
per
Lindsey Graham
Importance 0.0 Sentiment 0.0
per
Jamieson Greer
Importance 0.0 Sentiment 0.0
per
Howard Lutnick
Importance 0.0 Sentiment 0.0
cnt
Brazil
Importance 0.0 Sentiment 0.0
cnt
Malaysia
Importance 0.0 Sentiment 0.0
cnt
Vietnam
Importance 0.0 Sentiment 0.0
cnt
Japan
Importance 0.0 Sentiment 0.0
per
Narendra Modi
Importance 0.0 Sentiment 0.0
cnt
Russia
Importance 0.0 Sentiment 0.0
cnt
United Kingdom
Importance 0.0 Sentiment 0.0
cnt
Indonesia
Importance 0.0 Sentiment 0.0
cnt
Philippines
Importance 0.0 Sentiment 0.0
cnt
United States
Importance 0.0 Sentiment 0.0
+ 5 more entities View on Dashboard
Relationships
Lukoil competitor ↔ Rosneft Lukoil operates as a primary private-sector competitor to the state-backed Rosneft within the Russian and global energy
Lindsey Graham related ↔ Japan
Jamieson Greer related ↔ Howard Lutnick
Jamieson Greer related ↔ Brazil
Jamieson Greer related ↔ Malaysia
Jamieson Greer related ↔ Vietnam
Jamieson Greer related ↔ Japan
Jamieson Greer related ↔ Narendra Modi
Howard Lutnick related ↔ Vietnam
Brazil related ↔ Malaysia
Brazil related ↔ Vietnam
Brazil related ↔ Japan
Brazil related ↔ Narendra Modi
Malaysia related ↔ Vietnam
Malaysia related ↔ Japan
+ 4 more relationships View on Dashboard
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