US-India Trade Pact: Navigating Tariffs and Tensions
Amid rising tensions due to tariffs, US President Donald Trump announced ongoing trade deal negotiations with India at the APEC CEO Summit. Respect for Prime Minister Modi was emphasized, despite recent tariff disputes. The agreement is reportedly near finalization, with ongoing talks addressing energy procurement and trade barriers.
- Country:
- South Korea
US President Donald Trump, attending the APEC CEO Summit in South Korea, announced ongoing negotiations for a trade pact with India. The deal comes amidst heightened tensions due to tariffs imposed by the US on Indian goods.
Trump expressed respect for India's Prime Minister Narendra Modi, reinforcing the strong ties between the nations despite current challenges. His comments, however, did not clarify the status of the tariff dispute over India's energy ties with Russia.
Officials from both countries, including India's Minister of External Affairs and the US Secretary of State, have engaged in talks to finalize the proposed trade agreement. This comes as discussions are intensified to address core issues, aiming for a mutually beneficial outcome.
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