India, which has a massive trade surplus with the United States, will aim to buy more American oil and LNG to reduce the surplus and avoid potential tariffs from President Donald Trump. India is likely to significantly increase its energy purchases from the U.S., India’s Foreign Secretary Vikram Misri said in Washington after a meeting between President Trump and Indian Prime Minister Narendra Modi.
“I think we purchased about $15 billion in US energy output,” Bloomberg quoted Misri as telling a news conference. “There is…India to Hike Oil and LNG Imports From the U.S. to Avoid Trump’s Tariffs
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