In a significant boost to India-US trade relations, Prime Minister Narendra Modi has expressed heartfelt gratitude to US President Donald Trump for slashing tariffs on Indian products from 25% to 18%. The announcement, shared by Trump on his Truth Social platform, marks a pivotal moment in bilateral economic ties.
Modi took to X, formerly Twitter, to share his delight after a productive phone call with his ‘dear friend’ Trump. ‘Thrilled to learn that tariffs on Made in India products will now be reduced to 18%. On behalf of 1.4 billion Indians, heartfelt thanks to President Trump for this excellent decision,’ the Prime Minister posted.
He emphasized the power of collaboration between two economic giants and the world’s largest democracy. ‘When we work together, our people benefit, and immense opportunities for mutually beneficial cooperation arise,’ Modi stated. He also praised Trump’s leadership in fostering global peace and stability, pledging India’s full support.
The conversation between the two leaders covered critical issues like trade, the Russia-Ukraine conflict, and energy dynamics. Trump revealed on Truth Social that Modi agreed to halt Russian oil purchases and ramp up imports from the US and possibly Venezuela, aiding efforts to end the war swiftly.
Trump described Modi as one of his best friends and a powerful leader, highlighting their agreement on a trade deal. Under this pact, the US will lower reciprocal tariffs to 18%, while India commits to reducing its tariffs and non-tariff barriers towards zero. US Ambassador to India Sergio Gor confirmed the call’s details, noting discussions on multiple fronts.
This development comes amid ongoing global economic challenges, signaling a renewed commitment to strengthening Indo-US partnership. As both nations align on trade and geopolitical fronts, expectations are high for unprecedented heights in their strategic alliance, promising prosperity for millions.