Will Cunliffe
Research Analyst, Flux
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The Art of the Half-Baked Deal!
US-India trade deal... maybe, North sea window reversal and TTF takes a tumble.
US-India trade deal... maybe, North sea window reversal and TTF takes a tumble.
Trump claims to have a deal with Prime Minister Modi where India will cease buying Russian oil. Trump also said India will lower tariffs for US products to zero and in turn India’s products sold into the US will pay 15%. Moreover, India will buy loads of American products, $500 billion worth of them! His country will have no money left for the trade deal with the Europeans. We will be waiting for Modi’s comments just in case the whole thing is not true. We are also keen to know how he explains to his citizens the inequity in the deal. It will also be interesting to read how the Russians react as supposedly they are discussing peace as good friends, while the US tries to cut them off from the world of oil trade.
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