President Trump stated the USA and India will proceed negotiating the phrases of their commerce settlement, lower than two weeks after the U.S. president slapped a brand new spherical of tariffs on India for buying Russian oil.
In a submit on Fact Social on Tuesday, Trump referred to as Indian Prime Minister Narendra Modi his “very good friend” and stated they’d be talking within the “upcoming weeks.”
“I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations. I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks,” Trump wrote in his Fact Social submit.
“I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries!”
The assertion marks a shift in tone from the U.S. president, who, simply final week, stated India supplied to chop their tariff charges on U.S. imports to zero, however added, “it’s getting late. They should have done so years ago.”
Trump late final month added a 25 p.c tariff on Indian items as a penalty for purchasing Russian oil, which India has defended as financially obligatory to satisfy the power wants of its populous nation. That raised the general tariff charge to 50 p.c, since India already confronted a 25 p.c “reciprocal” tariff.
Some analysts have stated Trump’s steep tariffs and his souring angle towards Modi have inadvertently led India to search nearer ties with Russia and China. Modi met early final week with Russian President Vladimir Putin and Chinese language President Xi Jinping.
Late final week, Trump stated in a social media submit, “We’ve lost India and Russia to deepest, darkest, China.” He later backtracked, nevertheless, when requested whether or not he thinks he “lost India,” telling a reporter, “I don’t think we have.”
“I at all times will. I will at all times be buddies with Modi. He is an important Prime Minister. I will at all times be buddies, however I simply do not like what he’s doing at this explicit second,” Trump stated on the White Home late final week.
“But India and the United States have a very special relationship. There is nothing to worry about. We just have moments on occasion,” Trump added.
Modi responded to the assertion on Saturday, saying he deeply appreciates and reciprocates Trump’s “sentiments and positive assessment of our ties.”
