OIL DEAL WITH INDIA : The implications of US President Donald Trump's announcement that American oil and gas sales to India will bridge the US trade deficit. But at what cost to India? With American energy being more expensive than Russian and OPEC supplies, will this move strain India’s economic stability and diplomatic ties? As India navigates complex geopolitics—balancing relations with the US, Russia, and Middle Eastern nations—can it maintain energy security and strategic autonomy? OIL DEAL WITH INDIA
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#pmmodiusavisit #f35fighter #moditrumpmeet #usindiarelations #donaldtrump #uspresident #donaldtrumpspeech #whitehouse #indiausdefencedeal #usenergyties #oilimports #globaldiplomacy #OILDEALWITHINDIA
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NewsTranscript
00:00We can make up the difference very easily with the deficit with the sale of oil and gas
00:05LNG of which we have more than anybody in the world
00:09the prime minister and I also reached an important agreement on energy that will
00:13Restore the United States as a leading supplier of oil and gas to India. It will be hopefully their number one supplier
00:21US President Donald Trump announcing that selling American oil and gas to India will bridge the trade deficit
00:28With a trade deficit nearing 100 billion dollars, the United States is eyeing energy exports to India as a solution
00:35But American oil isn't cheap
00:37US oil and gas are more expensive than supplies from Russia and OPEC. If India pivots to American energy
00:44It could face higher import costs and rising fuel prices at home
00:49Shifting to US imports could also dent India's trade surplus impacting economic stability and consumer prices
00:56Diversifying energy sources enhances security
00:58but heavy reliance on US imports could expose India to geopolitical risks and price volatility the
01:06reductions to India's unfair
01:09Very strong tariffs that limit US access into the Indian market very strongly and really it's big problem
01:16I must say
01:18India
01:19imposes a
01:2030 to 40 to
01:2360 and even 70 percent tariff on so many of the goods and in some cases far more than that and as
01:29An example of 70 percent tariff on US cars going into India, which makes it pretty much impossible to sell those cars
01:37today the US
01:38trade deficit with India is
01:41almost a hundred billion dollars and Prime Minister Modi and I have agreed that we'll be
01:46Getting negotiations to address the long-running disparities that should have been taken care of over the last four years
01:52but they didn't do that in the u.s. India trading relationship with the goal of a
01:59signing an agreement and we want
02:02really we want a
02:05Certain level playing field which we really think we're entitled to and and and he does also in fairness
02:11So we're gonna work on that very hard and we can make up the difference very easily with the deficit
02:16With the sale of oil and gas
02:18LNG of which we have more than anybody in the world
02:22the Prime Minister and I also reached an important agreement on energy that will
02:26Restore the United States as a leading supplier of oil and gas to India
02:31It will be hopefully their number one supplier and the groundbreaking
02:35So where does this leave India's long-standing energy partnerships?
02:40Russia a strategic ally offering competitive rates and flexible payment terms
02:45Will a shift to US energy strain this vital relationship?
02:49OPEC with historically lower prices and long-term contracts a pivot to American oil could cost India more and
02:57complicate diplomatic ties
02:59India faces a geopolitical tightrope balancing closer ties with Washington without alienating Moscow or the Middle East
03:07Energy trade also strengthens u.s. India strategic ties aligned interests in the Indo-pacific
03:13Countering China's growing influence, but for India the stakes are high
03:18balancing economic pragmatism with strategic diplomacy without jeopardizing energy security or
03:25Political neutrality all this will need a fine balancing act
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