US Ambassador to India, Sergio Gor, met with Foreign Secretary Vikram Misri to discuss advancing the bilateral partnership and the recently finalized India-US trade deal. They explored various opportunities arising from the trade agreement and reaffirmed their commitment to negotiations on a broader bilateral trade pact. The Interim Agreement between the United States and India aims to enhance trade relations and establish resilient supply chains.
Last week, India and the US announced an Interim Agreement on reciprocal trade, signaling progress towards a comprehensive trade pact. This agreement includes a reduction in tariffs on Indian imports from 25 percent to 18 percent, as confirmed by the White House. The framework sets the stage for further discussions on a US-India Bilateral Trade Agreement, initiated by President Donald Trump and Prime Minister Narendra Modi in 2025.
The Interim Agreement is viewed as a significant milestone in the partnership between the US and India, emphasizing a commitment to balanced and mutually beneficial trade. Officials anticipate that this deal will yield early results and promote stronger supply chains. Prime Minister Modi’s recent conversation with President Trump led to the announcement of reduced tariffs on ‘Made in India’ products, benefitting both nations’ economies.
PM Modi expressed gratitude to President Trump for the tariff reduction, highlighting the positive impact on Indian exports to the US. He emphasized the importance of collaboration between the two largest democracies for mutual prosperity and cooperation. President Trump’s role in promoting global peace and stability was acknowledged by PM Modi, who looks forward to further strengthening the partnership between the two nations.
