During a significant meeting in Delhi, Prime Minister Narendra Modi and Vice-President JD Vance expressed optimism about ongoing trade talks, with commodities and defence cooperation on the agenda.
Trade Talks Progress as Modi and Vance Focus on India-US Relations
Trade Talks Progress as Modi and Vance Focus on India-US Relations
India and the US see advancements in trade negotiations amid looming tariff hikes.
In a meeting marked by camaraderie, Prime Minister Narendra Modi and US Vice-President JD Vance highlighted the progress they are making towards finalizing a key bilateral trade deal. Currently on a four-day visit to India with family, Vance engaged in discussions about trade, technology, defence, energy, and cultural exchanges, emphasizing the mutual commitment between the nations.
Modi took to social media to reinforce his dedication to fostering beneficial cooperation, underscoring his long-standing relationship with the US. He also welcomed Vance's family with a dinner, showcasing the growing ties between the two leaders. Amidst President Donald Trump's temporary tariff pause—which ends on July 9—India has been negotiating trade terms to avoid a staggering 27% tariff that was looming over several goods.
While Modi has maintained a cordial connection with Trump, trade tensions persist as the US president has criticized India for imposing what he terms excessively high tariffs. Following the discussion, US Trade Representative Jamieson Greer reiterated concerns regarding a lack of reciprocity, reminding that trade negotiations are complex and ongoing. India, having made some tariff reductions recently, is deliberating on more significant cuts but faces challenges in sectors like agriculture, where protectionist stances remain strong.
Beyond trade, Modi and Vance's discussions also touched upon strategic partnerships in defence and energy. Modi expressed eagerness to host Trump at India's upcoming Quad summit later this year, indicating heightened confidence in bilateral relations.
The meeting was framed within the broader context of Vance's visit as a chance for family bonding and cultural exchanges. Notable moments included gifting peacock feathers to Vance's children, a gesture highlighting their connection to Indian heritage. After their engagement in Delhi, the Vance family planned visits to historic sites, including Jaipur and the Taj Mahal, celebrating both personal connections and diplomatic relations before returning to the United States.
Modi took to social media to reinforce his dedication to fostering beneficial cooperation, underscoring his long-standing relationship with the US. He also welcomed Vance's family with a dinner, showcasing the growing ties between the two leaders. Amidst President Donald Trump's temporary tariff pause—which ends on July 9—India has been negotiating trade terms to avoid a staggering 27% tariff that was looming over several goods.
While Modi has maintained a cordial connection with Trump, trade tensions persist as the US president has criticized India for imposing what he terms excessively high tariffs. Following the discussion, US Trade Representative Jamieson Greer reiterated concerns regarding a lack of reciprocity, reminding that trade negotiations are complex and ongoing. India, having made some tariff reductions recently, is deliberating on more significant cuts but faces challenges in sectors like agriculture, where protectionist stances remain strong.
Beyond trade, Modi and Vance's discussions also touched upon strategic partnerships in defence and energy. Modi expressed eagerness to host Trump at India's upcoming Quad summit later this year, indicating heightened confidence in bilateral relations.
The meeting was framed within the broader context of Vance's visit as a chance for family bonding and cultural exchanges. Notable moments included gifting peacock feathers to Vance's children, a gesture highlighting their connection to Indian heritage. After their engagement in Delhi, the Vance family planned visits to historic sites, including Jaipur and the Taj Mahal, celebrating both personal connections and diplomatic relations before returning to the United States.
