India-U.S. continue negotiations to 'address trade barriers,' confirms President Donald Trump
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U.S. president Donald Trump said US-India trade talks are continuing and a possible bilateral trade deal to ‘address the trade barriers’ between the two nations is likely to be concluded successfully.
“I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations,” Trump wrote in a post on Truth Social, sharing the status of India-U.S. bilateral talks.
In the post, he asserted that as PM Modi is a ‘good friend’ of his and that the two countries are expected to arrive at a conclusion soon, hinting at the possibility of the trade deal soon.
“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,” Trump added.
In recent days, India-U.S. relationship has taken a backseat. Recently, he had posted a picture on Truth Social of India’s PM Modi with Russian and Chinese presidents, calling that ‘we have lost India to the darkest China.’
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However, a few days back, Trump retracted his statement and called PM Modi a friend.
To which, PM Modi responded in a post on X saying, “deeply appreciate and fully reciprocate President Trump's sentiments and positive assessment of our ties. India and the US have a very positive and forward-looking Comprehensive and Global Strategic Partnership.”
PM Modi is yet to respond to Trump’s Wednesday remarks.
Following this post, it may be expected that the two countries’ delegation may meet soon in the coming days to arrive at a conclusion on the trade deal.
India-U.S. trade talks had hit a roadblock in August when Trump had put an additional 25% tariff rate on Indian exports to the U.S. taking the total tariff rate applicable on such products to 50%. Unlike China, Indian exports have started facing the revised tariff rate from August 27. A probable bilateral deal will bring relief to Indian exporters.