Trump Expresses Optimism on US-India Trade Talks as Tariff Deadline Approaches
With a 25% tariff on imported vehicles set to take effect April 2, Trump praises Modi's leadership while both nations push for a trade agreement to ease tensions.
- Donald Trump has voiced confidence in resolving trade disputes with India, calling Prime Minister Narendra Modi a 'great friend' and 'very smart leader.'
- The US is set to impose a 25% tariff on imported vehicles starting April 2, a move aimed at bolstering domestic manufacturing.
- India has proposed an early harvest deal to reduce tariffs on select imports as broader negotiations for a Bilateral Trade Agreement continue.
- Trump has criticized India’s high automobile tariffs, which he claims exceed 100%, and advocates for reciprocal measures to ensure fairness.
- The proposed Bilateral Trade Agreement, with initial talks slated for fall 2025, is seen as a potential pathway to strengthen economic ties and resolve ongoing trade tensions.