The president of the United States, Donald Trump, said on Tuesday that his administration continues negotiations to address commercial barriers with India and that he would speak with Prime Minister Narendra Modi, in a sign that an agreement can be imminent after weeks of diplomatic friction.
Trump, in a marked change in tone, said he hoped to speak with Modi in the “next weeks” and expressed optimism that they could end a commercial agreement.
“I am sure there will be no difficulties to reach a successful conclusion for our two large countries,” he said in a publication on social networks.
Modi corresponded optimism in a publication on social networks on Wednesday, saying that Washington and New Delhi “are close friends and natural partners.”
He said that the teams of both countries are working to conclude commercial discussions as soon as possible.
“I am also anxious to talk to President Trump. We will work together to ensure a brighter and more prosperous future for our people,” said Modi.
The latest comments of both leaders led the actions of India more than 0.5 percent.
Trump had promised for months that the two parties were close to ensuring a commercial agreement, only to double new rates in Indian imports to 50 percent, which generated questions about the future of the relationship between the United States and India, which had been strengthened in recent years, even during Trump’s first mandate.
In recent weeks, Trump and his senior officials criticized India for buying Russia oil and said India was financing the war in Ukraine, a position of New Delhi denies.
Diplomatic friction with the United States has coincided with India that warms China. At the end of last month, Modi made his first visit to China in seven years for a summit organized by Chinese President Xi Jinping and was seen holding hands with Russian President Vladimir Putin.
“While the statements of Trump’s social networks and Modi indicate a possible approach between the United States and India, it is still premature to assume that a resolution will arrive quickly,” said Madhavi Arora, an Emkay Global economist.
She said: “With Trump, we will have to wait for more concrete signs that an agreement is in sight.”
Meeting to start
It is likely that Indian and American commercial officials plan visits to restart commercial conversations in person in September, CNBC-TV18 He informed sources. A planned visit of US commercial negotiators to New Delhi from August 25 to 29 was canceled, after commercial conversations reached the main road blocks.
The Ministry of Commerce of India declined to comment on the report of a new round of meetings between commercial negotiators.
The trade of two -road assets of India totaled $ 129 billion in 2024, with an American commercial deficit of $ 45.8 billion, according to data from the United States Census Office.
Last week, Trump said India had offered to reduce her tariffs to US goods to zero, adding that the proposal was late and that the southern country of Asia should have reduced her duties years ago.
The Financial Times Tuesday reported that Trump was pressing the European Union to impose 100 percent tariffs on imports from India and China.
