US President Donald Trump confirmed on Wednesday that his administration is continuing trade negotiations with India. He said he will speak with Prime Minister Narendra Modi in the coming weeks to discuss barriers affecting bilateral trade.
Trump expressed confidence that the two nations can reach a successful trade agreement. “I am pleased to announce that India and the United States are continuing negotiations to address trade barriers,” he posted on social media. He called Modi “a very good friend” and expressed optimism about achieving a deal beneficial to both countries.
Prime Minister Modi responded positively, emphasizing the close partnership between India and the United States. “Our teams are working to conclude trade discussions at the earliest,” Modi posted online. He added that he looks forward to speaking with Trump to ensure a brighter and more prosperous future for both nations.
The announcement comes after a period of tension in US-India trade relations. Trump had previously criticized India for delayed tariff reductions on American goods and doubled tariffs on Indian imports to 50% due to India’s continued purchase of Russian oil. These moves raised concerns over the durability of trade ties.
India’s chief economic adviser warned that US tariffs could reduce the country’s GDP by 0.5% in 2025. Meanwhile, Trump has reportedly urged the European Union to impose full duties on imports from India and China, highlighting Washington’s tougher trade stance.
Despite these disputes, US-India trade remained strong in 2024, totaling $129 billion, with the US running a $45.8 billion deficit, according to Census Bureau data. Both nations have signaled the importance of continued dialogue, leaving room for potential breakthroughs in the near future.
Trump’s engagement with India demonstrates a willingness to improve relations and strengthen economic cooperation between the two countries.
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