Modi, Trump announce India-US ‘trade deal’: What we know and what we don’t

US President Joe Biden and Indian Prime Minister Narendra Modi recently announced a new trade agreement between the United States and India, coinciding with Modi's commitment to cease purchasing Russian oil. This announcement was made public two days ago, but specific details regarding the trade deal remain limited. This development highlights the evolving dynamics of international trade and geopolitical alliances, particularly in the context of energy security and global supply chains. The agreement underscores a significant shift in India's foreign policy as it navigates its relationships with both the US and Russia amidst ongoing global tensions. Historically, trade deals often reflect broader strategic interests, and this one may signify a deeper alignment between the US and India, especially as both nations seek to counterbalance China's influence in the region. The implications of this trade agreement could resonate beyond immediate economic benefits, potentially reshaping diplomatic relations and trade practices in the Indo-Pacific. As countries reassess their energy dependencies and alliances, this deal may serve as a pivotal moment in the ongoing reconfiguration of global trade networks.