US President Donald Trump announced a trade deal with India on Monday, saying American tariffs on India would be cut from 50 percent to 18 percent.
“Thrilled with the news of the trade deal this evening,” Gore said after announcing the trade deal. (@DrSJaishankar X)In a post on Truth Social, the US President also said, Dr India agreed to stop the purchase Will buy Russian oil, and $500 billion worth of US energy and technology. In response, Prime Minister Narendra Modi thanked the US President, and said he was “delighted” to reduce tariffs on ‘Made in India’ products.
Following the announcement, US Ambassador to India Sergio Gore said the relationship between the two countries has “unlimited potential”.
“As I’ve said many times, President Trump truly considers PM Modi a great friend! Thrilled with the trade deal news this evening. The relationship between the US and India has limitless potential!” Gore said in a post on social media platform X.
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“All credit goes to President Trump and Prime Minister Modi. Since I arrived in India about a month ago, I’ve said that the two leaders have a great personal relationship and that’s something that drove this deal forward,” Gore told CNN News 18.
“I’m thrilled about it India is getting these 18 percent (duty), which is a huge drop from the previous numbers. And so when I say that the best is yet to come since I arrived,” Gore said.
Asked if the additional 25 percent tariff on India had been removed, Gore said, “That’s correct. As you wrote in Truth of the President, part of the deal is that all nations of the world stop buying oil from Russia to bring peace. I know the prime minister cares deeply about bringing peace to that conflict, as does President Trump. So the final number would be 8 percent.”
