Former Foreign Minister Harsh Vardhan Refreshing still hopes India will be able to conclude a “satisfactory mutually beneficial” free trade agreement (FTA), with 50 % of tariffs in August 27.
The press agency did not even say that Rajya Sabha was a member of Parliament (MP) Hope is precisely because of the “close and special partnership” between Prime Minister Narendra Modi and President Donald Trump.
Also read | Donald Trump’s 50% Friend of Donald Trump on Indian Imports: What do we still know
The Modi-Trump relationship could potentially prepare a way for future business cooperation rather than to propose any immediate security, the press agency said.
Referring to the events of “Howdy Modi and Namaste Trump”, which emphasized the friendship between two leaders, stressed that the “connection” was developed during the first term of US President Trump.
DIEL MODI ON NAMASTE Trump
“One thing I know is that President Donald Trump and Prime Minister Modi enjoy very close and special partnerships. Many meetings showed that I was present in myself … This connection comes from today. It comes from President Trump’s first term when you had events like Howdy Modi and Namaste Trump.”
In September 2019, President Donald Trump hosted Prime Minister Narendra Modi in Texas at an event that was attended by an estimated 50,000 people. “Howdy, modi!” The event in Houston was charged as one of the largest receptions of a foreign leader in the US. A year later, Modi welcomed Trump in his home state Gujarat at an event that was attended by more than 120,000 people. Trump lost the US presidential election 2020 Joe Biden.
In February 2025, Narendra Modi was among the world’s first leaders to visit the US since the inauguration of Trump for its second presidential period in January.
India had a strong relationship with the US on the basis of years of diplomatic and economic cooperation. In 2024, India and the US carried out trade in goods and services worth $ 186 billion, with a surplus of $ 41 billion in favor of India.
Also read | India-US 2+2 dialogue: 10-year defensive framework, trade, indo-tichoral ties
Trump has repeatedly described India as a “good friend”, but his recent statements and subsequent tariffs seem to have affected this relationship.
New American tariffs with spears
Shingly notes come in the middle of the new US tariff measures about India on Wednesday, August 27, thus increasing the total burden of Indian goods to almost 50 percent.
“Hopefully we will find a way to conclude a satisfactory mutually beneficial agreement on free trade in the United States soon than late, and that would certainly take us to the next step of President Trump’s visit to India,” he added.
Shingla said India is constantly working on the “minimization” of the impact of tariffs and suggested moving to alternative markets and heading to Indian FTA with British, Australia and SAE.
Also read | Sergio Gor is a “snake”: an advisor to the White House who “powered” Trump-Musk Feud
“We will be at the end of 50% of customs for customs obligations for goods balanced to the United States from India. We are working to minimize the impact. One way is to find alternative markets. We have agreements on free trade with Australia, SAE and the United Kingdom that we could approach to this yield.” He said.
Reklingla expressed confidence in the Indian strong relationship with the US and stressed that, through shared values and principles, India will undoubtedly be seen by this customs question.
“I believe in a relationship. We have the most comprehensive, versatile relationship with the United States, one that we have more than any other country. The power of this relationship is the values and principles we share that they will see through any rise in the relationship.
He acknowledged that the appointment of Sergio Gora, as another US Ambassador in India, is a “positive step”.
Shingla added that India is constantly developing its capacity in semiconductors and minerals of rare soils through cooperation with other countries.
The impact of trump tariffs
Trump’s 50 % of tariffs imposed on Indian goods will come into force today. According to the Global Trade Research Initiative (GTRI) initiative, exports of the workforce -intensive workforce increased up to 70 %for collapse, as the American tariffs will manifest.
Also read | Tariff shock from the US hit Bengal’s leather work, sea, engineering exports
According to the GTRi report, this will affect a large part of the Indian export basket, especially in the industry that create massive jobs.
The report noted that US tariffs would hit 66 % of total Indian exports worth $ 86.5 billion, representing $ 60.2 billion, which will face 50 % or higher obligations.
The most vulnerable sectors include textiles, gems and jewelry and shrimp export. On the other hand, approximately 30 percent of US exports of 27.6 billion remain dominated by pharmacists, APIs and electronics.
(Tagstotranslate) India USA trade
