US President Donald Trump and Indian Prime Minister Narendra Modi met at the White House to discuss trade relations, defense cooperation, and energy deals. While Trump reiterated his concerns about India's tariffs, Modi offered potential concessions, including increased purchases of US defense equipment and energy sources.
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"Prime Minister Modi recently announced the reductions to India's unfair, very strong tariffs that limit us access to the Indian market, very strongly," Trump said."And really it's a big problem I must say." Although Trump had a warm relationship with Modi in his first term, he again on Thursday said India's tariffs were"very high" and promised to match them, even after his earlier levies on steel and aluminum hit metal-producing India particularly hard."One thing that I deeply appreciate, and I learn from President Trump, is that he keeps the national interest supreme," Modi said as he sat alongside Trump in the Oval Office.
Opponents and critics often allege the meteoric rise of Adani's ports-to-energy empire was partly due to his close relations with, and favourable treatment by, administrations run by Modi's BJP and its allies. The duo have repeatedly denied impropriety. The US has a US$45.6 billion trade deficit with India. Overall, the US trade-weighted average tariff rate has been about 2.2 per cent, according to World Trade Organisation data, compared with India's 12 per cent.
TRADE TARIFFS INDIA UNITED STATES DONALD TRUMP Narendra MODI
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