Prime Minister Modi met with President Trump in Washington for bilateral talks centered on trade and tariff issues. President Trump advocated for reciprocal tariffs, while Prime Minister Modi emphasized national interests. The leaders discussed the potential increase of US energy and defense exports to India in an effort to reduce the trade deficit. They agreed to work towards a bilateral trade deal and aim to boost trade from $150 billion to $500 billion by 2030. President Trump offered to sell F-35 stealth fighter jets to India, leading to a debate on whether India should invest in the expensive aircraft or focus on other defense priorities. Experts are considering the costs, technology transfer, and integration with existing systems. Talks also focused on lowering tariff and non-tariff barriers, with Trump threatening reciprocal tariffs from April 2nd if no trade deal is reached. Key sectors such as agriculture, dairy, and pharmaceuticals could be impacted, and experts suggest that India may need to make concessions while protecting its core interests.
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