US President Dondald Trump said he thinks the India-US trade talks are going to work out really well.He said Narendra Modi is a “great prime minister” and a “good friend”. “India is one of the highest tariffing nations in the world… They’re very smart. He (PM Modi) is a very smart man and a great friend of mine,” Trump said.
The US President said they had very good talks. “I think it’s going to work out very well between India and our country,” he said.
His statement comes just a day after the 25% tariffs he imposed on all imported vehicles entering the US.Assistant US Trade Representative for South and Central Asian, Brendan Lynch, has led a delegation to India from March 25-29, to discuss bilateral relations, ahead of Trump’s reciprocal tariffs going into effect.
The US President said they had very good talks. “I think it’s going to work out very well between India and our country,” he said.
His statement comes just a day after the 25% tariffs he imposed on all imported vehicles entering the US.Assistant US Trade Representative for South and Central Asian, Brendan Lynch, has led a delegation to India from March 25-29, to discuss bilateral relations, ahead of Trump’s reciprocal tariffs going into effect.
Sources had told CNBC-TV18 that the two countries are working to finalise the framework, negotiation schedule, and terms of reference for the proposed Bilateral Trade Agreement (BTA).
The agreement is set to be completed in two phases, with the initial phase focusing on issues related to goods trade. Both nations aim to consider each other’s strengths, weaknesses, and sensitivities while striving to reach common ground.
The March 25-29 talks are expected to provide clarity on India’s position and possible exemptions before the formal announcement of tariffs next week.
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