President Donald Trump and Indian Prime Minister Narendra Modi have signaled a thaw in strained trade relations, pledging to resume negotiations after recent tensions over tariffs and India’s Russian oil imports. Trump expressed optimism about reaching a trade deal, while Modi echoed the sentiment, calling the US and India “natural partners.” Indian negotiators may travel to Washington soon to continue talks, according to Fortune. However, Trump’s parallel push for new tariffs on India and China over Russian oil could complicate progress. Despite recent friction, both leaders appear motivated to repair ties and unlock the economic potential of the US-India partnership. They write:
President Donald Trump and Indian Prime Minister Narendra Modi pledged to talk and resume trade negotiations, signaling a possible thaw after weeks of a blistering fight over tariffs and Russian oil purchases.
“I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations,” Trump wrote on social media Tuesday. […]
Modi responded shortly after with a post on X, saying that he was looking forward to speaking with Trump and that the US and India are “close friends and natural partners.” […]
“The US is India’s largest export market by a wide margin — the value of it is higher than all of the shipment to BRICS’ countries combined,” said Trinh Nguyen, senior economist at Natixis. “As such, the US and India are natural trade partners given complimentary comparative advantages. Both Modi and Trump have strong reasons to mend ties.”
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