Ambani's Reliance increases US ethane imports, aiding India-US trade

Mukesh Ambani's Reliance Industries is increasing US ethane imports, potentially easing trade tensions between the US and India amid looming tariffs. This strategic move could give India leverage in ongoing trade negotiations. Reliance's increased ethane purchases, diverted from China, will be used to produce ethylene, a key plastic feedstock. This shift could help offset potential US tariffs and narrow America's trade deficit with India. Ambani's company has been importing US ethane since 2017, and now plans to expand its infrastructure. This move could strengthen India's position in trade talks and offer a counterweight to China.