NEW DELHI — Vice President JD Vance held commerce talks with Indian Prime Minister Narendra Modi in New Delhi on Monday because the South Asian nation appears to be like to strike an early cope with Washington that spares it from President Trump’s extra tariff hikes.
The White Home stated in a press release that the talks yielded “significant progress in the negotiations” for a bilateral commerce settlement, and that the edges had finalized a highway map for a potential deal to cut back the tariff burden.
The pair additionally mentioned cooperation in protection, essential applied sciences and vitality, the prime minister’s workplace stated in a press release. The 2 leaders “called for dialogue and diplomacy as the way forward” after discussing regional and international safety points, the assertion stated.
The assembly included bilateral talks between Vance and Modi, a bigger assembly with workers, and a dinner with the vice chairman’s spouse, Usha Vance, and their three kids. A video launched by the prime minister’s workplace confirmed Vance’s sons in conventional Indian outfits and Modi gifting the kids peacock feathers.
Modi additionally stated he appears to be like ahead to a go to by Trump to India later this yr, referring to an invite he conveyed to the American president throughout his go to to Washington in February.
U.S. Vice President JD Vance talks with Indian Prime Minister Narendra Modi throughout a gathering in New Delhi on Monday.
(Indian Prime Minister’s Workplace / Related Press)
The U.S. has threatened to slap a 26% tariff on Indian exports — up from a baseline 10% protecting exports from all nations — if no deal is reached throughout the tariff pause that stretches till July.
Trump administration officers have named India as considered one of a number of international locations the U.S. is prioritizing negotiations with throughout the pause, and hopes are working excessive in New Delhi that the nation can safe a fast settlement.
Throughout a go to by Modi to the White Home in February, the 2 sides stated they deliberate to conclude the primary tranche of a bilateral commerce deal by fall. Indian Finance Minister Nirmala Sitharaman is in Washington this week and plans to fulfill U.S. Treasury Secretary Scott Bessent to advance the talks. India’s chief commerce negotiator may even go to the U.S. this week.
Modi has sought to pave the best way for a cope with the U.S. in latest months by slashing Indian tariffs on a variety of American items, agreeing to purchase extra U.S. exports and accepting undocumented migrants despatched again from america.
Dancers carrying conventional Indian apparel stand in entrance of a poster depicting U.S. Vice President JD Vance upon his arrival in New Delhi on Monday.
(Kenny Holston / Pool picture)
Vance and his household arrived in New Delhi on Monday morning following a three-day journey to Italy, the place the vice chairman met with Italian Prime Minister Giorgia Meloni. He additionally met with Pope Francis on the Vatican, only a day earlier than the pontiff’s dying.
In New Delhi, the Vance household was greeted on the airport by Indian officers earlier than setting off for a go to to a Hindu temple. Curiosity within the household runs excessive in India, on condition that Usha Vance is a daughter of Indian immigrants from the southern state of Andhra Pradesh.
Vance’s go to may even embrace a little bit of softer diplomacy, with the vice chairman’s household set to make stops at cultural websites in Jaipur and in Agra, dwelling of the Taj Mahal.
The U.S. has lengthy sought to domesticate a deeper partnership with India, largely as a bulwark towards China. India, in the meantime, has sought better U.S. funding and deeper cooperation in technology-sharing and protection.
The South Asian nation can be hoping to lure funding from White Home advisor Elon Musk. The Tesla chief government indicated he’d go to India later this yr after talking final week with Modi, signaling potential progress within the electrical carmaker’s long-pending push into the world’s most-populous nation.
Strumpf and Gardner write for Bloomberg.
