Indian Prime Minister Narendra Modi has announced that the U.S. and India have set a target of doubling their bilateral trade to $500 billion by 2030. During a joint press conference, U.S. President Donald Trump said that under the new reciprocal tariffs system he announced on Thursday, the U.S. would simply charge the same tariff rates that India charged.
#NarendraModi #DonaldTrump #TradeAgreement
#NarendraModi #DonaldTrump #TradeAgreement
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00:00India has been to us just about the highest tariffed nation anywhere in the world.
00:29They've been very strong on tariffs, and I don't blame them necessarily, but it's a different
00:33way of doing business.
00:35It's very hard to sell into India because they have trade barriers, very strong tariffs.
00:40We are right now a reciprocal nation.
00:43We are going to, if it's India or if it's somebody else with low tariffs, we're going
00:48to have the same.
00:49We're going to have whatever India charges, we're charging them.
00:51Oh, he's a much tougher negotiator than me, and he's a much better negotiator than me.
00:55There's not even a contest.
00:56There's not even a contest.