A fresh chapter in India-US economic diplomacy unfolds as President Donald Trump announces a tariff cut on Indian products to 18% from 25%, earning effusive praise from Prime Minister Narendra Modi. Shared via Truth Social, the policy shift highlights burgeoning ties.
Modi, posting on X post-call with Trump, beamed: ‘Wonderful talk with dear friend President Trump. Ecstatic about reduced 18% tariffs on Made in India goods. Thanks from 1.4 billion Indians for this outstanding step.’
He articulated the dividends of two titanic economies and democracies partnering up: tangible benefits for people and boundless mutual opportunities. Modi also saluted Trump’s global peace stewardship, with India committed to supporting it, keen on propelling their bond skyward.
Trump’s Truth Social update detailed the exchange, portraying Modi as a cherished friend and influential figure. Key topics spanned trade pacts, ending Russia-Ukraine hostilities through energy realignments—Modi greenlighting a pivot from Russian to US/Venezuelan oil—and more.
The centerpiece: a trade agreement slashing US tariffs to 18%, matched by India’s trajectory to zero out its own. Ambassador Gor verified the multifaceted call.
This accord, amid geopolitical flux, fortifies supply chains and export horizons for India. Economists foresee enhanced competitiveness for Indian manufacturers, spurring jobs and growth. The personal chemistry between Modi and Trump proves instrumental, heralding an era of amplified cooperation across trade, security, and energy domains for sustained global impact.