This week, the US and India announced a surprise new trade deal that slashes tariffs on Indian goods. It has one major possible catch: a commitment from India to stop buying cheap Russian oil — which will be easier said than done. 

On today's Big Take Asia Podcast, Bloomberg’s Sudhi Ranjan Sen joins host Oanh Ha to break down the deal and explain what it means for India’s economy and its relationships with the US, Russia and China.

Read more: 

Trump’s Surprise Trade Deal With India Resets Fractured Ties - Bloomberg 

Further listening:

India Wanted to Become The World’s Toymaker. Then Tariffs Happened 

India Won’t Stop Buying Russian Oil. Now It’s Paying the Price.

This week, the US and India announced a surprise new trade deal that slashes tariffs on Indian goods. It has one major possible catch: a commitment from India to stop buying cheap Russian oil &mdash; which will be easier said than done.&nbsp;
On today's Big Take Asia Podcast, Bloomberg&rsquo;s Sudhi Ranjan Sen joins host Oanh Ha to break down the deal and explain what it means for India&rsquo;s economy and its relationships with the US, Russia and China.
Read more:&nbsp;
<a href="https://www.bloomberg.com/news/articles/2026-02-03/trump-s-surprise-trade-deal-with-india-resets-fractured-ties">Trump&rsquo;s Surprise Trade Deal With India Resets Fractured Ties - Bloomberg</a>&nbsp;
Further listening:
<a href="https://podcasts.apple.com/ec/podcast/india-wanted-to-become-the-worlds-toymaker-then/id1746141911?i=1000740482985">India Wanted to Become The World&rsquo;s Toymaker. Then Tariffs Happened</a>&nbsp;
<a href="https://podcasts.apple.com/us/podcast/india-wont-stop-buying-russian-oil-now-its-paying-the-price/id1746141911?i=1000720803869&amp;l=ru">India Won&rsquo;t Stop Buying Russian Oil. Now It&rsquo;s Paying the Price.</a>

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

Big Take Asia

Why the US-India Trade Deal Hinges on Russian Oil

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