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Why Did India Walk Away From Trade Talks With The US? Former Finance Secretary Fact Checks Trump
Posted
August 31, 2025
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5:21Now PlayingFormer Finance Secretary Subhash Garg fact-checked Donald Trump’s claims that India is “profiteering” $25 billion from Russian oil, calling it “political theatre.” Citing a CLSA report, he said India saves only $2.5 billion, with real discounts just $3–4 per barrel. Garg warned reducing Russian crude would hurt India, not help. He criticised U.S. tariffs, urged negotiation flexibility, while PM Modi reaffirmed protecting farmers’ interests.
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