Denouncing India tariffs, Trump agrees to trade talks
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U.S. President Donald Trump said on Thursday that Indian Prime Minister Narendra Modi offered to talk about easing tariff, buying more U.S. oil, gas and combat aircraft, and potential concessions that don’t yet end a standoff on trade.
The offer emerged from the two leaders’ White House talks, just hours after Trump railed against the climate for American businesses in India and unveiled a roadmap for reciprocal tariffs on every country that puts duties on U.S. imports.
“Prime Minister Modi recently announced the reductions to India’s unfair, very strong tariffs that limit US access to the Indian market, very strongly,” Trump said. “And really it’s a big problem I must say.”
The leaders agreed to work towards a deal to resolve the trade concerns. Such a deal could be done within the next seven months, said India’s Foreign Secretary Vikram Misri after the meeting. A senior Trump administration official said a deal could be reached as soon as this year.’’’’
Some of the leaders’ agreements are aspirational: India wants to increase by “billions of dollars” its purchases of U.S. defense equipment, including fighter jets, and may make Washington the “number one supplier” of oil and gas, Trump said at a joint press conference with Modi.
And Delhi wants to double trade with Washington by 2030, Modi said. Long-planned cooperation on nuclear energy, also discussed by the leaders, faces ongoing legal challengest.
We’re also paving the way to ultimately provide India with the F-35 stealth fighters,” said Trump.
Misri, the Indian official, later said the F-35 deal was a proposal at this point, with no formal process underway. The White House did not respond to a request for comment on any deal.
Although Trump had a warm relationship with Modi in his first term, he again on Thursday said India’s tariffs were “very high” and promised to match them, even after his earlier levies on steel and aluminumhit metal-producing India particularly hard.
“We are being reciprocal with India,” Trump said during the press conference. “Whatever India charges, we charge them.”
Modi vowed to protect India’s interests.
“One thing that I deeply appreciate, and I learn from President Trump, is that he keeps the national interest supreme,” Modi said as he sat alongside Trump in the Oval Office. “Like him, I also keep the national interest of India at the top of everything else.”
The two leaders praised each other and agreed to deepen security cooperation in the Indo Pacific, a thinly veiled reference to competition with China, as well as to start joint production on technologies like artificial intelligence.
Asked before the meeting about the steps India was taking, one source described it as a “gift” for Trump designed to lower trade tensions. A Trump aide said that the president sees defense and energy sales to India lowering the U.S. trade deficit.
Reuters