The United States imposing a 25% tariff on countries importing oil and gas from Venezuela starting next month has already taken its toll on Caracas' coffers as India and China —accounting for over 50% of its crude exports— have halted purchases.

India believes it is well-positioned to navigate a second Trump administration and that U.S.-India relations will continue to deepen.

India is hoping to attract more manufacturing as the Trump administration's tariff policies make it more expensive to do business in China.

Fentanyl and other synthetic opioids remain the most lethal drugs trafficked into the United States, causing more than 52,000 US deaths in a 12-month period ending in October 2024, it said.

"China remains the primary source country for illicit fentanyl precursor chemicals and pill-pressing equipment" the report read.

India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources said.

Makers of a vast array of American products are weighing the risks, and potential payoffs, of the sweeping tariffs the president has promised on April 2.

India has emerged as a growing player in the illicit fentanyl trade, a new US intelligence report says, a designation likely to raise alarm in New Delhi as President Donald Trump wields tariffs on countries he accuses of not doing enough to stop the deadly drug from flowing into the United States.