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Indian Prime Minister Narendra Modi meets U.S. Vice President JD Vance and his circle of relatives at his place of dwelling in New Delhi, India, on April 21, 2025.
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India’s Prime Minister Narendra Modi and U.S. Vice President JD Vance on Monday hailed the “significant” growth made in business talks between the 2 aspects all the way through Vance’s discuss with to India.
Vance, who was once in India on a most commonly non-public go back and forth with 2d girl Usha Vance and his circle of relatives, met Modi in New Delhi.
A commentary from Modi’s place of work stated the 2 leaders “welcomed the significant progress in the negotiations for a mutually beneficial India-U.S. Bilateral Trade Agreement.”
Vance and Modi additionally reviewed and definitely assessed the growth in quite a lot of spaces of bilateral cooperation, and famous “continued efforts” in improving cooperation in spaces like power, protection and strategic applied sciences.
The two leaders additionally exchanged perspectives on quite a lot of regional and world problems with mutual pastime, and referred to as for discussion and international relations.
India was once hit with a 26% “reciprocal” tariff on April 2, sooner than the levies have been suspended for 90 days by way of U.S. President Donald Trump on April 9, leaving a 10% baseline tariff.
On Monday, U.S. Trade Representative Jamieson Greer stated the USTR and India’s Ministry of Commerce and Industry have “finalized the terms of reference to lay down a roadmap for the negotiations on reciprocal trade.”
He added, “there is a serious lack of reciprocity in the trade relationship with India,” however stated “India’s constructive engagement so far has been welcomed and I look forward to creating new opportunities for workers, farmers, and entrepreneurs in both countries.”
Back in February, Modi and Trump had agreed to greater than double bilateral business between New Delhi and Washington to $500 billion by way of 2030.
U.S. overall items business with India is estimated at $129 billion in 2024, in line with the Office of the U.S. Trade Representative. India’s surplus with the United States, reached $45.7 billion remaining yr.
