India, US agree to resolve trade and tariff rows after Trump-Modi talks
- Bilateral Meeting Focus: The meeting centered on enhancing U.S.-India relations through dialogue on trade, security, and terrorism.
- Trade Negotiations Initiated: India and the U.S. agreed to commence formal trade discussions to resolve tariff disputes, with negotiations slated to begin in fall.
- Tariff Reduction Commitment: Modi responded to Trump’s concerns about India’s high tariffs affecting American businesses by committing to lower tariffs on selected U.S. products.
- Energy Trade Increase: India plans to boost its purchases of U.S. energy products from 15 billion to 25 billion, including oil, gas, and military equipment.
- Tackling Illegal Immigration: The countries intend to enhance cooperation to address issues of illegal immigration, integrating it into their broader bilateral agenda.
- Ambitious Trade Goals: Modi expressed aspirations to double trade with the U.S. by 2030, aiming to make the U.S. India’s primary supplier of defense equipment viz Washington supplying F-35 fighter jets to New Delhi importing more US oil.
- Nuclear Cooperation Challenges: Ongoing legal challenges persist regarding nuclear energy collaborations, indicating complications in this area of cooperation.
- Defense Cooperation Emphasis: Security and defense discussions are a priority, reflecting a commitment to mutual security interests between India and the U.S. nations.
- Regional Stability Priority: Both leaders underscored the importance of their partnership in promoting regional stability and economic growth.
- Alignment of Foreign Policies: They aim to align their foreign policies, particularly in tackling terrorism and ensuring global security.