Commerce and Industry Minister Piyush Goyal has said that India expects to increase its energy products trade with the US, adding that the country’s energy security goals will have a significant US involvement.
His comment comes at a time when India’s oil purchase from Russia has become a bone of contention with the US, leading to President Donald Trump imposing a 25 per cent retaliatory tariff on Indian goods, which, along with the earlier 25 per cent reciprocal tariff, has pushed the cumulative tariff rate to 50 per cent.
"Clearly, the world recognises that (energy security) is one area where we all have to work together. India is a big player in the energy field... we are big importers of energy from across the world, including from the US," Goyal said in New York on Tuesday.
The Uni