Donald trump tariff india modi – Mission 500: Donald Trump, PM Modi agree to double bilateral trade to $500 bn by 2030, sources to BT

The United States has expressed its strong intention to establish a comprehensive trade agreement with India, with discussions that include all sectors, a spokesman for the American embassy. This development occurs while both countries seek to achieve the goal of Mission 500 ambitious, which aims to obtain more than the total bilateral trade to $ 500 billion by 2030.

During Prime Minister Narendra Modi’s visit to Washington, US President Donald Trump and Prime Minister Modi put this ambitious goal to enhance economic cooperation. As part of this initiative, both leaders have announced plans to negotiate the first phase of a multi -sectors trade agreement useful mutual, which are expected to be completed by the fall of 2025, according to the spokesperson.

US Trade Minister Howard Lottenic again emphasized this commitment, focusing on the United States’s desire for a “major commercial deal” with India. He also stressed Washington’s priority in reducing the current tariff levels in India, a long -term issue in employment discussions between the two countries.

“The United States is seeking a comprehensive trade agreement with India, with no exclusion of any sector,” Secretary Lottenic, who added that reducing tariff barriers is a decisive goal.

Last week, during the Conclave India today, Lutnick stressed the importance of reducing customs duties on American goods to enhance the relationship between the two countries. LUTNICK highlights the need for an important commercial agreement that addresses all major aspects and encourages direct bilateral discussions to renew trade dynamics.

In line with Trump’s views, he stressed that the Hindi tariff is among the highest rates in the world, and highlighting the need to review the commercial partnership to form the future relationship between New Delhi and Washington.

“It is time to do something big, something big, something that connects India and the United States together, but it does so widely, not a producer according to the product, but everything. Let’s bring in the policy of customs tariffs in India towards America, and will call America to really have an unusual opportunity and relationship with us.”

Earlier, US embassy spokesman Chris Elms said that President Trump’s fair and mutual plan aims to correct long -term imbalances in international trade and return justice to American trade relations.

He said: “The United States is one of the most open economies in the world, yet our commercial partners maintain barriers in front of our exports. This lack of reciprocity is unfair, and contributes to the large and continuous trade deficit in the United States, and threatens our economic and national security.”

According to what was reported, the United States requested any duties on all products circulated with India, with the exception of agricultural commodities. According to the news agency, the United States is paying for zero duties on Tesla cars that are sent to India. A spokesman for the American embassy stated that all sectors are considered to be considered for the obligatory exemptions.

He said: “As the Minister of Trade Lottenic said, the United States is seeking to obtain a major trade deal between India and the United States, and the United States is seeking to reduce the levels of tariffs owned by India.

There are no obligations on commercial tariffs: India

During a briefing on the parliament committee on Monday, Trade Minister Sonl Bartawal stated that India had not made any obligations on the US tariff discounts. This statement was made in response to US President Donald Trump, that India has agreed to significantly reduce its tariff.

Bathal explained that negotiations between the two countries are still ongoing and no trade agreement has been completed. In addressing the concerns raised by some members of the Parliament Committee regarding Trump’s claims, Bartawal stressed that India has not pledged any obligations on the commercial definitions of the United States, which confirms the importance of the continuous bilateral trade agreement talks.

“One cannot go through the demands of the US President and the media reports, as the bilateral trade agreement is still continuing. India has not committed anything to the commercial definitions of the United States.”