India to Reiterate Energy Security Position During US Trade Talks Amid Tariff Threat

Piyush Goyal’s bilateral discussions with US officials are expected to focus on the Lindsey Graham legislation targeting buyers of Russian energy

India is expected to reiterate its position on energy security during Commerce and Industry Minister Piyush Goyal’s upcoming discussions with US officials on the sidelines of the G20 Trade Ministers’ meeting in Milwaukee. The talks are expected to focus on the Lindsey Graham legislation targeting countries that buy Russian energy, amid a reported exemption for China until January 2027.

Energy security to remain a key issue

Goyal’s bilateral meetings with US officials are expected to centre on the implications of the Lindsey Graham legislation, particularly following the reported exemption granted to Beijing until January 2027.

The legislation has become an important issue in India-US trade discussions as the two countries continue to address tariff and market-access matters.

India has maintained that its energy security remains a key consideration. Commerce Minister Piyush Goyal had also stated in September that India’s energy security goals will have a “very high element” of US involvement in the years to come.

No compromise on energy security

Experts noted that New Delhi must hold firm on its stated policy of “no compromise” on India’s energy security, especially considering the US position on India’s purchase of Russian energy.

The issue is expected to receive attention during Goyal’s meetings with US officials next week, alongside broader bilateral trade discussions.

Bilateral trade discussions

The upcoming discussions are expected to include US officials and focus on developments affecting India-US trade relations.

Goyal’s visit comes as India and the US continue discussions on trade-related issues, including tariffs and market access. The Commerce Minister has previously said that India is seeking a fair, equitable and balanced trade deal and that the country will not compromise on the interests of farmers, dairy producers and workers.

India reviewing implications of US legislation

The Ministry of External Affairs (MEA) has also been examining the potential implications of the legislation for India’s trade and commercial interests.

The legislation targeting buyers of Russian energy remains an important issue for countries maintaining energy trade with Russia. India’s position on energy security is expected to remain part of its engagement with Washington as bilateral trade discussions continue.

Goyal’s meetings in Milwaukee are therefore expected to provide an opportunity to discuss the legislation, its possible implications for bilateral trade and India’s broader concerns regarding energy security.