News that fits you

Highlights

  • Trump optimistic about successful India-US trade negotiations
  • Modi reciprocates, stresses limitless partnership potential ahead
  • Tariff tensions ease as both leaders reaffirm friendship

Latest news

India, Russia are embarking on new journey of innovation, co-production and co-creation: PM Modi

India, Russia are embarking on new journey of innovation, co-production and co-creation: PM Modi

India is conducting independent and sovereign policy under leadership of PM Modi, achieving very good results: President Putin

India is conducting independent and sovereign policy under leadership of PM Modi, achieving very good results: President Putin

Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev

Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis

Dalai Lama launches 'Forest Resources in India' focused on climate, conservation and community

Dalai Lama launches 'Forest Resources in India' focused on climate, conservation and community

RBI raises FY26 GDP growth projection to 7.3 pc

RBI raises FY26 GDP growth projection to 7.3 pc

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

India-US trade talks on horizon: Trump positive, PM Modi sees limitless potential

Trump calls Modi a “very good friend” as India-US trade talks continue; both leaders optimistic despite past tariff tensions.

Updated: Sep 02, 2022 10:53
|

PTI

India-US trade talks on horizon: Trump positive, PM Modi sees limitless potential

Signalling a thaw in the bilateral chill between India and the US, President Donald Trump has said he feels “certain” that there will be "no difficulty" for the two countries to come to a “successful conclusion” in trade talks and he looks forward to speaking with his "very good friend” Prime Minister Narendra Modi in the coming weeks.

In a post on Truth Social on Tuesday, the US president said he was "pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations."

"I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries!” he said.

Responding to the post, Prime Minister Modi in a post on X on Wednesday expressed confidence that the ongoing negotiations will pave the way for unlocking the limitless potential of the partnership between them.

India and the US are close friends and natural partners, Modi said, adding that both countries are working to conclude the trade discussions at the earliest.

He said, "I am also looking forward to speaking with President Trump. We will work together to secure a brighter, more prosperous future for both our people." Trump shared the Prime Minister's post on his social media platform.

Trump’s latest comments signal a significant thaw in bilateral relations as ties between the two countries reeled under possibly the worst phase in over two decades amid tensions over tariffs and Delhi’s purchases of Russian oil.

Trump has doubled tariffs on Indian goods to a whopping 50 per cent, including a 25 per cent additional duty for India's purchase of Russian crude oil.

India described the US action as "unfair, unjustified and unreasonable".

After months of critical rhetoric against India, Trump had last week said that India and the US have a “special relationship” and there's nothing to worry about as the two countries "just have moments on occasion”.

"I always will. I'll always be friends with Modi, he’s a great Prime Minister. He's great. I'll always be friends, but I just don't like what he's doing at this particular moment," Trump had said in the Oval Office on Friday.

"But India and the United States have a special relationship. There's nothing to worry about. We just have moments on occasion," Trump said, with a smile.

Responding to the comments, Modi on Saturday said that he deeply appreciates Trump's positive assessment of India-US relations.

“Deeply appreciate and fully reciprocate President Trump's sentiments and positive assessment of our ties," Modi said.

"India and the US have a very positive and forward-looking Comprehensive and Global Strategic Partnership," he said.

Trump had also said that he is “very disappointed" that India would be buying so much oil from Russia.

“...I've been very disappointed that India would be buying so much oil… from Russia, and I let them know that. We put a very big tariff on India, 50 per cent tariff, very high tariff. I get along very well with Modi, he's great. He was here a couple of months ago,” he said in response to a question on his social media post that the US has lost India and Russia to China.

Defending its purchase of Russian crude oil, India has been maintaining that its energy procurement is driven by national interest and market dynamics.

India turned to purchasing Russian oil sold at a discount after Western countries imposed sanctions on Moscow and shunned its supplies over its invasion of Ukraine in February 2022.

In the Truth Social post, Trump had said that “Looks like we’ve lost India and Russia to deepest, darkest, China. May they have a long and prosperous future together!” Trump had also posted an old photo of Prime Minister Modi with Russian President Vladimir Putin and Chinese leader Xi Jinping.

The post came days after the bonhomie among Modi, Xi and Putin at a summit of the Shanghai Cooperation Organisation (SCO) in the Chinese city of Tianjin drew global attention.

ADVERTISEMENT

Up Next

India-US trade talks on horizon: Trump positive, PM Modi sees limitless potential

India-US trade talks on horizon: Trump positive, PM Modi sees limitless potential

India abstains from UNGA resolution demanding return of Ukrainian children from Russia

India abstains from UNGA resolution demanding return of Ukrainian children from Russia

India rushes Bailey bridge, water units to Sri Lanka; shares digital disaster-response toolkit

India rushes Bailey bridge, water units to Sri Lanka; shares digital disaster-response toolkit

Trump admin orders H-1B, H-4 visa applicants to make social media profiles public

Trump admin orders H-1B, H-4 visa applicants to make social media profiles public

Trump says Putin wants to end war, US to hold new talks with Ukraine

Trump says Putin wants to end war, US to hold new talks with Ukraine

Doctor who sold ketamine to 'Friends' star Matthew Perry gets 2.5 years in prison

Doctor who sold ketamine to 'Friends' star Matthew Perry gets 2.5 years in prison

ADVERTISEMENT

editorji-whatsApp

More videos

Pakistan to hold PIA bidding on December 23 under IMF bailout conditions

Pakistan to hold PIA bidding on December 23 under IMF bailout conditions

Deadly floods in Indonesia, Sri Lanka, Thailand, Malaysia kill more than 1,400 people

Deadly floods in Indonesia, Sri Lanka, Thailand, Malaysia kill more than 1,400 people

Trump administration halts immigration applications for migrants from 19 travel-ban nations

Trump administration halts immigration applications for migrants from 19 travel-ban nations

US, Russia find 'no compromise' on key territory issue after Ukraine talks

US, Russia find 'no compromise' on key territory issue after Ukraine talks

Trump deserves credit for 'very dangerous' peace deals like India-Pakistan: US Secretary of State Rubio

Trump deserves credit for 'very dangerous' peace deals like India-Pakistan: US Secretary of State Rubio

India sends mobile field hospital, over 70 medical personnel to cyclone-hit Sri Lanka

India sends mobile field hospital, over 70 medical personnel to cyclone-hit Sri Lanka

Malaysia says search for long-missing flight MH370 to resume

Malaysia says search for long-missing flight MH370 to resume

Imran Khan alleges 'threat to life' in Adiala Jail, claims death‑row‑like conditions

Imran Khan alleges 'threat to life' in Adiala Jail, claims death‑row‑like conditions

Trump repeats claim of ending India, Pak conflict, says should win Nobel Prize

Trump repeats claim of ending India, Pak conflict, says should win Nobel Prize

'We value our ties with India': Russia ratifies RELOS pact ahead of Putin’s New Delhi visit

'We value our ties with India': Russia ratifies RELOS pact ahead of Putin’s New Delhi visit

Categories

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.