US-India Trade Boost: New Deals on Oil, Gas, and Defense
US President Donald Trump and Indian Prime Minister Narendra Modi announced significant trade developments, including India's plan to purchase American oil, gas, and military hardware to reduce the trade deficit. The leaders emphasized reciprocal tariffs, defense partnership, and cooperation against global terrorism, while reaffirming joint efforts in nuclear energy and trade.
- Country:
- United States
In a landmark development, US President Donald Trump and Indian Prime Minister Narendra Modi have unveiled new trade deals aimed at reducing the bilateral trade deficit. India will increase its purchase of American oil, gas, and military hardware, including F-35 fighter jets, Trump announced after their meeting.
Trump and Modi emphasized the importance of reciprocity in trade, with Trump lauding the strengthened defense partnership and committing to greater military sales to India. The leaders also vowed to collaborate against global terrorism, citing the extradition of Mumbai attack plotter Tahawwur Rana as a key milestone.
The meeting further highlighted enhanced cooperation in civil-nuclear energy, with India reforming laws to welcome US nuclear technology. Modi praised Trump's focus on national interest and expressed solidarity on global issues, including the Russia-Ukraine conflict, while advocating for peaceful resolutions.
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