💨 Abstract

India is considering removing import taxes on US liquefied natural gas (LNG) to increase purchases and reduce the trade surplus with the US, a key issue for President Trump. The US is India's second-largest LNG supplier and the two nations aim to increase energy purchases by $10-25 billion. Scrapping the taxes would make US LNG more price competitive, helping to narrow India's trade surplus.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖