America has announced to reduce tariffs on India on Monday. Tariff has been reduced from 25 percent to 18 percent. This announcement was made after the telephone conversation between Donald Trump and PM Modi. Trump said- A big trade deal has been agreed upon in the phone conversation with Modi. In a post on Truth Social, US President Donald Trump on Monday announced that he spoke on the phone with Indian Prime Minister Narendra Modi this morning, in which an important bilateral trade agreement was signed between the two. Trump described Modi as his “great friend” and “a powerful and respected leader of our country.”
Trump made this claim
Trump said issues such as trade, and ending the Russia-Ukraine war were discussed in the conversation. He claimed that Prime Minister Modi agreed to stop buying Russian oil, and now India will also consider buying a lot more oil from the US, with the possibility of buying oil from Venezuela also discussed.
Trade deal: Big cut in tariffs
Trump told in his Truth Social post that a change in mutual tariffs has also been agreed between America and India. Under this, the US has reduced the duty on Indian goods from 25% to 18%, and will also move towards reducing import duties and non-tariff barriers to zero (0%) from India. Trump said that India is now committed to purchasing goods worth more than $500 billion from the US, including energy, technology, agricultural products and coal, which will further strengthen the economic ties between the two countries.
relationship and future
Trump said “our wonderful relationship will be even stronger” and presented himself and Prime Minister Modi as leaders who get things done and get deals done. This announcement reflects the growing strategic and economic cooperation between the US and India, especially at a time when issues of global trade, energy security and geopolitics are rapidly changing.
PM Modi expressed happiness
Prime Minister Narendra Modi has expressed happiness over his conversation with US President Donald Trump. PM Modi said it was great to talk to President Trump and he was extremely happy to know that the US tariff on ‘Made in India’ products has now been reduced to 18 percent. Prime Minister Modi expressed gratitude to President Trump on behalf of the 1.4 billion people of India for this decision and called it an important step for India-US trade relations.
PM Modi said- When the world’s two largest economies and largest democracies work together, our people directly benefit from it and immense opportunities open up for mutual cooperation. He also praised President Trump’s role in global peace. PM Modi said that President Trump’s leadership is extremely important for global peace, stability and prosperity, and India fully supports his peace efforts. The Prime Minister also said that he should work with President Trump to share India-America.
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