According to CoinMeta, Indian officials are cautious about the results of the U.S. mid-term elections. While they believe that the election results have alleviated some of the tensions caused by trade tensions, they also add new uncertainties to the already fragile U.S.-India relations. On Tuesday, the Democratic Party achieved a decisive victory in both the Senate and the House of Representatives, sending a strong signal of opposition to Trump's policies. Trump's trade tariffs and the war against Iran have had particularly severe impacts on countries like India. The United States is India's largest export market, and India is also an important importer of Middle Eastern oil. Officials in New Delhi, India, stated that the election results mean that Congress will strengthen supervision over Trump's policies and limit the president's power to unilaterally impose reciprocal tariffs. They consider this to be an important development and a positive factor for countries such as India. These officials also said that after his electoral defeat, Trump will give India some breathing room in trade agreement negotiations, reducing the pressure on New Delhi to accept what they consider to be unfavorable terms.