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

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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.

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