Donald Trump Praises Modi, Foresees Positive US-India Trade Relations
US President Donald Trump praised PM Modi’s leadership while expressing optimism about US-India trade negotiations. He announced a 25% tariff on imported vehicles to bolster domestic manufacturing, following earlier criticisms of India’s trade policies. A Bilateral Trade Agreement aimed for negotiation by fall 2025 may provide a framework for resolving ongoing trade disputes.
On Friday, US President Donald Trump conveyed his optimism regarding the ongoing trade negotiations between the United States and India, while also commending Prime Minister Narendra Modi’s leadership. At the swearing-in ceremony for US Attorney Alina Habba, Trump described PM Modi as a “very smart man” and a “great friend,” indicating a positive rapport between the two leaders. He remarked, “I think it’s going to work out very well between India and our country.” Trump’s comments came after Modi’s recent visit to the US, where plans for a Bilateral Trade Agreement were announced.
Earlier in the week, PM Modi reminisced on his friendship with Trump, highlighting the Howdy Modi event as a pivotal moment in their relationship. Modi expressed gratitude for Trump’s support, mentioning, “I was touched by his courage and his trust in me,” and praised Trump’s resilience in overcoming threats to his life during his presidential campaign.
In a significant policy announcement, Trump declared a 25% tariff on imported vehicles that will take effect on April 2, aimed at bolstering domestic manufacturing, impacting many vehicles sold in the US, including American brands made overseas. Trump stated, “This is very exciting for domestic manufacturing,” emphasizing the need for more domestic production.
While expressing hope for future trade cooperation, Trump has previously criticized India’s trade policies, labeling it as one of the most protectionist nations globally. He mentioned plans for reciprocal tariffs where both nations would charge equivalent tariffs, pointing out, “India charges us auto tariffs higher than 100%.” During a congressional address, he reiterated that the US has been taken advantage of in trade deals for decades, vowing to alter this trend.
As the tariffs approach implementation, the Bilateral Trade Agreement may offer a potential solution for resolving existing trade disputes between the US and India.
In summary, President Trump’s positive comments about Prime Minister Modi and aspirations for enhanced US-India trade relations reflect a focus on economic cooperation. Their mutual respect was underscored during Modi’s recent visit to the US, and Trump’s forthcoming vehicle tariffs indicate a shift in domestic manufacturing policy. The negotiation of a Bilateral Trade Agreement is positioned as a critical step towards resolving trade tensions and establishing fairer trade practices between the two nations.
Original Source: www.livemint.com
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