India-US Trade Deal LIVE: ‘Big Thanks To Trump For This Wonderful Announcement,’ Says PM Modi
Following Donald Trump’s announcement of a historic trade agreement between India and the United States, reducing tariffs on ‘Made in India’ products from 25% to 18%, Prime Minister Narendra Modi has thanked the US President. PM Modi expressed gratitude on behalf of the 1.4 billion people of India, saying that the agreement would unlock immense opportunities for mutually beneficial cooperation between the two nations.
Prime Minister Modi’s post on trade deal with the US came after Donald Trump announced the US-India trade agreement, paving the way for reduced tariffs on Indian goods exported to the US. Trump stated that the reciprocal tariff on Indian products would be lowered from 25% to 18%. The latest development is expected to boost India’s exports to the US, particularly in sectors like textiles, pharmaceuticals, and engineering goods.
After Trump’s announcement on the trade agreement, PM Modi, in a post on X, stated, "Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement. When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation. President Trump’s leadership is vital for global peace, stability, and prosperity. India fully supports his efforts for peace. I look forward to working closely with him to take our partnership to unprecedented heights."
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