PM Modi and US President Donald Trump
India has also come to India under the tariff whip run by the US President on the whole world. The US has just imposed a 50 percent tariff on the country. The matter has just been stopped regarding the trade deal. But in the meantime, the next Ambassador of the US in India, Sergio Gor, has given a big update about the tariff. He said that the issue of tariffs between India and the United States may soon resolve, he has given positive indications about the deal.
Sergio Gore said in a meeting convened to confirm his appointment that friendship between India and is very deep and both countries are very close in terms of tariffs. A decision can be taken regarding this in the coming few weeks. A few days ago there were differences between the two countries over Russia’s buying oil, but Gore believes that this dispute will not last long.
A statement on Russian oil also
The US ambassador said that the Trump administration is priority to stop India buying Russian oil. However, both countries are very close to suggest disputes and we have high hope from India. Also, he criticizes President Trump India but he is a good friend of Prime Minister Narendra Modi. He also said that relations between India and America are more warm than China.
Where is the deal stuck?
Since the deal between the US and India has been going on since the US President announced the reciprocal tariff. But, even after that the deal could not be done yet. The result of this is that the US has imposed a tariff of 50 fees on India. In fact, America wants to sell its products in the agricultural sector like the dairy sector of India and Japan, about which Prime Minister Modi has made a statement that we will not compromise with the interests of the farmers of the country.
Trade between India and America
The exercise relationship between India and America has been very good so far, one of the reasons behind this is that the Peepal to Peepal connection between the two countries is also fantastic. According to US government data, in 2024, the total trade between the US and India was $ 129.2 billion. During this time the US exported $ 41.8 billion to India and India has exported $ 87.4 billion to America. This includes auto to textile industry.
- India sells drugs worth about Rs 68,520 crore to the US, gems worth Rs 72,800 crore and petrochemicals, textiles and products related to the auto sector worth Rs 34,260 crore.
- India is among the major countries of the world in terms of gems and jewelery exports. India sends about $ 33 billion gems and jewelry abroad every year, out of which 30% or $ 9.9 billion exports are done only to America.
- India supplies 47% of the generic drugs sold in America. These medicines play an important role in the healthcare system of America.
- At the same time, in the year 2024, India exported clothes and clothes worth $ 9.6 billion to the US. It is 28% of India’s total textile exports.