4 months ago
17
(NewsNation) — India Prime Minister Narendra Modi is gathering with Donald Trump astatine the White House connected the aforesaid time the president signed a memorandum proposing reciprocal tariffs.
Modi and Trump person had a bully narration and person been allies to a definite extent. However, India is simply a state that the United States operates astatine a commercialized shortage with. That issue, arsenic good arsenic tariffs, could travel up during their discussions Thursday.
Before speaking with Trump, Modi met separately with Tesla CEO Elon Musk, a Trump medication official, and nationalist information advisor Mike Waltz.
Trump has already imposed tariffs connected China and threatened them against Canada and Mexico. On Monday, helium expanded tariffs connected alloy and aluminum initially imposed during his archetypal term.
The president has repeatedly dubbed India a “tariff king.” In response, New Delhi has shown a willingness to bargain much American lipid portion lowering its ain tariffs connected U.S. goods, including connected immoderate Harley-Davidson motorcycles, from 50% to 40%. India besides dropped retaliatory tariffs connected United States almonds, apples, chickpeas, lentils and walnuts successful 2023.
According to the Associated Press, the Indo-U.S. goods and services commercialized totaled astir $190.1 cardinal successful 2023. U.S. exports to India were worthy astir $70 cardinal and imports $120 billion.
The Associated Press contributed to this report.
