U.S. President Trump commended PM Modi in tariff talks, emphasizing their friendship and the potential for improved U.S.-India relations. After announcing a 25% vehicle tariff, Trump reiterated the importance of reciprocal tariffs, aiming for a significant increase in bilateral trade to $500 billion by 2030.

U.S. President Donald Trump expressed optimism regarding tariff negotiations with India, praising Prime Minister Narendra Modi as a “very smart man” and a “great friend”. Trump noted their recent discussions and indicated that he believes the relationship between India and the United States will improve significantly.

This statement followed Trump’s announcement of a 25 percent tariff on all imported vehicles entering the U.S., which is scheduled to take effect on April 2. This new tariff will affect nearly half of all vehicle sales in the U.S., including those from American brands produced overseas.

In past comments, Trump has emphasized India’s high tariffs, highlighting that he planned to implement reciprocal tariffs. In February, he stated, “We will soon impose reciprocal tariffs— they charge us, we charge them.” He advocates for fairness in tariff measures with countries including India and China.

Prime Minister Modi had a bilateral meeting with Trump in February during his visit to Washington D.C. The discussions aimed to enhance the bilateral trade relationship. Both leaders set a goal, referred to as ‘Mission 500’, targeting an increase in the two-way trade of goods and services to $500 billion by 2030.

In summary, President Trump acknowledges the strong relationship with Prime Minister Modi while addressing tariff negotiations between India and the United States. His recent tariff announcement reflects ongoing trade discussions, with both nations committed to strengthening economic ties through mutual trade agreements and targets. The collaborative effort aims to enhance bilateral trade significantly by 2030.

Original Source: www.ndtv.com

Related posts:

Key Takeaways from Modi-Trump Talks: Strengthening U.S.-India Relations Key Outcomes of the Modi-Trump Talks: Defense, Trade, and Strategic Alliances Assistant U.S. Trade Representative to Engage in Tariff Talks in India U.S. Assistant Trade Representative Arrives for Important Tariff Talks in India