NEW DELHI: US President Donald Trump spoke to Prime Minister Narendra Modi, US ambassador to India Sergio Gor knowledgeable on Monday. The 2 chief, finalized the much-awaited India-US commerce take care of “rapid” impact, Trump knowledgeable.In a submit on Reality Social, Trump stated, “It was an Honor to talk with Prime Minister Modi, of India, this morning. He’s one among my biggest mates and, a Highly effective and Revered Chief of his Nation. We spoke about many issues, together with Commerce, and ending the Battle with Russia and Ukraine. He agreed to cease shopping for Russian Oil, and to purchase way more from the USA and, doubtlessly, Venezuela. It will assist END THE WAR in Ukraine, which is happening proper now, with hundreds of individuals dying each week!”
“Out of friendship and respect for Prime Minister Modi and, as per his request, efficient instantly, we agreed to a Commerce Deal between the USA and India, whereby the USA will cost a lowered Reciprocal Tariff, decreasing it from 25% to 18%. They may likewise transfer ahead to cut back their Tariffs and Non Tariff Boundaries towards the USA, to ZERO. The Prime Minister additionally dedicated to “BUY AMERICAN,” at a a lot greater stage, along with over $500 BILLION DOLLARS of U.S. Vitality, Know-how, Agricultural, Coal, and lots of different merchandise. Our superb relationship with India might be even stronger going ahead. Prime Minister Modi and I are two those who GET THINGS DONE, one thing that can’t be stated for many. Thanks to your consideration to this matter!” he added.This comes amid delays in India-US commerce deal after Trump imposed 50% tariffs on India for its continued buy of Russian crude.Furthermore, Trump on Sunday claimed that a number of nations, together with India, had been anticipated to begin importing oil from Venezuela, which holds the world’s largest crude reserves. He stated that the transfer adopted authorized reforms in Venezuela which have opened the oil sector to personal funding after the US seize of President Nicolas Maduro on January 3.India and the USA have been holding commerce talks since March 2025. Since August final 12 months, the US has imposed a steep 50% tariff on Indian exports—among the many highest utilized to any nation—comprising 25% in reciprocal duties and a further 25% levy.
