PM Modi Expresses Gratitude to President Trump Following Historic India-US Trade Agreement
In his first public remarks after President Donald Trump announced a significant trade deal between India and the United States, Prime Minister Narendra Modi extended heartfelt thanks to the American leader. The announcement, which includes a substantial reduction in reciprocal tariffs, marks a pivotal moment in bilateral economic relations between the two largest democracies in the world.
Key Highlights of the Trade Agreement
During a recent conversation, PM Modi described his discussion with President Trump as "wonderful" and emphasized the positive impact of the new trade terms. A central feature of this agreement is the reduction of tariffs on Made in India products to 18%, down from previous levels. This move is expected to enhance market access for Indian goods in the United States, potentially boosting exports and creating economic opportunities.
PM Modi stated, "Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement." This statement underscores the national significance of the deal, highlighting its potential benefits for India's vast population.
Strengthening Bilateral Ties and Global Impact
The Prime Minister further elaborated on the broader implications of the trade agreement, noting that when two large economies collaborate, it not only benefits their citizens but also unlocks immense opportunities for mutually beneficial cooperation. He praised President Trump's leadership, describing it as "vital for global peace, stability, and prosperity." Additionally, PM Modi affirmed India's full support for Trump's efforts towards peace initiatives.
Looking ahead, PM Modi expressed optimism about the future of India-US relations, saying, "I look forward to working closely with him to take our partnership to unprecedented heights." This sentiment reflects a commitment to deepening the strategic and economic partnership between the two nations.
Context and Implications
The announcement of this trade deal comes at a time when global trade dynamics are evolving, and such agreements are crucial for fostering economic growth. The reduction in tariffs is particularly significant for Indian industries, as it may lead to:
- Increased competitiveness of Indian products in the US market
- Potential job creation and economic stimulation in India
- Enhanced bilateral trade volumes and investment flows
- Strengthened diplomatic and economic ties between India and the United States
This development is seen as a positive step towards resolving trade disputes and promoting fair trade practices. It aligns with broader efforts to boost Make in India initiatives and supports India's position in the global economy.
As both nations continue to navigate complex international landscapes, this agreement sets a precedent for cooperative economic policies that prioritize mutual benefits and shared prosperity.
