Modi and Trump Forge Defense and Trade Commitments Amid Reciprocal Tariff Tensions
The leaders discussed deepening economic ties, defense cooperation, and extradition agreements while navigating the challenges of new U.S. trade policies.
- India and the U.S. agreed to double bilateral trade to $500 billion by 2030, with a focus on energy exports and reducing trade imbalances.
- The U.S. announced plans to increase military sales to India, including a potential deal for F-35 fighter jets, and deepen defense technology collaboration.
- President Trump signed an executive order for reciprocal tariffs, targeting countries with higher import taxes on U.S. goods, which could significantly impact India's trade with the U.S.
- Both nations committed to enhanced cooperation on combating organized crime, terrorism, and extraditing suspects, including the approval of Tahawwur Rana's extradition to India.
- Trump offered to mediate the India-China border dispute, but India reaffirmed its preference for bilateral solutions to such issues.
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