Disagreeing with US President Donald Trump’s move to impose high tariffs on allies, New Jersey Governor Phil Murphy — a top leader of the rival Democratic Party — said here Wednesday that when it comes to the India-US bilateral trade deal, there will be a “landing place” on the 50% tariffs but there could be a “grand bargain” including on oil.

The 25% penalty tariff was slapped on India last month for importing Russian oil.

Incidentally, Union Commerce Minister Piyush Goyal , who was in the US recently for trade talks, said Wednesday that India’s energy security goals will have a “very high element” of US involvement in the years to come. For the past few years, the US has been the fifth largest supplier of crude oil to India and the second-largest supplier of LNG.

Asked about the ong

See Full Page