Prime Minister Narendra Modi has confirmed and welcomed the trade deal with the United States on Monday. PM Mod’s post on X comes moments after US President Donald Trump announced that the trade deal had been sealed between India and Washington.
“Wonderful to speak with my dear friend President Trump today. 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,” he wrote on X. Track latest updates on India-US trade deal here
“When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation,” Modi added further.
“President Trump’s leadership is vital for global peace, stability, and prosperity. India fully supports his efforts for peace. I look forward to working closely with him to take our partnership to unprecedented heights,” the Indian PM added further on his social media post.
Also Read | 500 billion dollar deal, no Russian oil, 18% tariffs: Inside India-US trade deal
On Monday night, Trump took to Truth Social to announce that India and the US had sealed a trade deal. This deal, which was framed amid months of negotiations, comes amid tariff tensions between the two partners.
India was initially hit with a 25 percent tariff from the US, which was later increased to 50 percent due to India’s purchase of Russian oil. However, with a trade deal now in place between Washington and New Delhi, the reciprocal tariff rate stands at a firm 18 percent.
Trump’s announcement on Truth Social came right after newly-appointed US ambassador to India Sergio Gor revealed that the phone call had taken place between Trump and Modi.
What Trump said on India, US deal
“It was an Honor to speak with Prime Minister Modi, of India, this morning. He is one of my greatest friends and, a Powerful and Respected Leader of his Country. We spoke about many things, including Trade, and ending the War with Russia and Ukraine. He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela,” Trump wrote on social media.
Read the US president’s full Truth Social post here
Trump further added that India would reduce its tariffs and non-tariff barriers against US goods to zero and commit to buying more than $500 billion worth of US energy, technology, agricultural products, coal and other goods as part of the new deal.
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