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regular-article-logo Thursday, 11 September 2025

US commerce secretary Howard Lutnick says trade deal with India hinges on Russian oil purchases

Lutnick also said 'we have a big deal coming with Taiwan' and he said a trade agreement would probably get done with Switzerland

Reuters Published 11.09.25, 08:58 PM
Howard Lutnick

Howard Lutnick Reuters

US Commerce Secretary Howard Lutnick said on Thursday he believes the United States will sort out a trade deal with India as soon as that country stops buying Russian oil.

Asked on CNBC what trade issue he was most focused on, Lutnick mentioned India and said: "Well, we're going to sort out India," once it stops buying Russian oil.

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Lutnick also said "we have a big deal coming with Taiwan" and he said a trade agreement would probably get done with Switzerland.

On South Korea, he said: "We made a deal, but let's see if they come through with the paperwork."

He would not comment on whether an immigration raid on a Hyundai plant in Georgia had delayed finalization of that deal.

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