US President Donald Trump and Indian Prime Minister Narendra Modi met to announce plans to double bilateral trade to $500 billion by 2030. While celebrating the strengthened relationship, Trump expressed dissatisfaction with India's prior trade concessions and vowed to implement reciprocal tariffs on goods from countries imposing duties on American imports. Trade and immigration were key topics of discussion, with Modi reaffirming India's commitment to addressing illegal immigration and prioritizing US technology in defense procurement.
Trump and Modi emerged from a bilateral meeting, their first of Trump ’s second administration, to announce that the United States and India will be doubling their bilateral trade to $500 billion by 2030, with the U.S., in the words of the president, becoming India’s “leading supplier of
Trump already imposed new 10% levies on China and 25% tariffs on steel and aluminum imports. Trump singled India out by name in his latest salvo, saying the country puts far too many duties on U.S. goods. Modi knows what he was “getting into” with Trump, according to Center for Strategic and International Studies India and Emerging Asia Economics Chairman Richard Rossow.
For Rossow, India “needs to keep the lines of trade open” in order “to avoid a trade war,” but for U.S. companies similarly hoping for export and investment opportunities, “India is only going to rise in prominence” as it is poised to become the world’s third-largest economy. Besides trade, the other “friction” or “pain” point in the U.S.-India relationship, per Asia Group managing principal Basant Sanghera, is legal and illegal, particularly after Trump repatriating 100 illegal Indian immigrants from the U.S. last week in shackles created “domestic challenges” for Modi.
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