US President Donald Trump on Monday announced a trade deal with India hours after telephonic conversation with PM Modi. Besides, he also lowered tariffs from 25 per cent to 18 per cent on Indian exports.
US Ambassador to India, Sergio Gor, hailed the successful trade deal between the two nations, asserting that the US President genuinely considers PM Modi as his great friend.
"As I have said many times, President Trump genuinely considers Prime Minister Modi a great friend! Thrilled by the news of the trade deal this evening. The relationship between the United States and India has LIMITLESS POTENTIAL!" he posted on X.
Prime Minister Narendra Modi thanked Trump for reducing tariffs on India and hailed Trump's leadership, calling it vital for global peace and stability.
“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. When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation,” PM Modi posted on X.
“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,” he added.
PM Modi's post came in response to Trump's announcement.
Top quotes from Trump’s post
- Trump called PM Modi his greatest friend and a powerful leader of India.
- The US President said he had agreed to a trade deal with India out of his friendship and respect for PM Modi. Additionally he said the tariffs on India have been lowered to 18 per cent from the existing 25 per cent.
- Trump said he discussed with PM Modi trade and how peace could be brokered between Russia and Ukraine.
- Trump said the friendship between the US and India will grow stronger going forward.
- Trump said PM Modi and him are two leaders in the world who get things done. He added this cannot be said for many leaders.
