The contours of the deal are nonetheless being finalised, the individual added. However intense negotiations are underway in what's rising to be robust political name. The proposed deal may decrease US tariffs on Indian exports to fifteen% from 50% now, ET has learnt. Modi's X publish following the cellphone name with Trump was measured.
Rising US-Pak Ties
The publish makes with no point out of a commerce deal or Russian vitality imports. “Thanks, President Trump, to your cellphone name and heat Diwali greetings. On this competition of lights, could our two nice democracies proceed to light up the world with hope and stand united in opposition to terrorism in all its kinds,” the PM wrote on X.
The comment assumes significance amid the US' rising safety ties with Pakistan. Earlier, Trump lit a lamp at a particular Diwali occasion on the White Home and instructed reporters that he has had a dialog with Modi. He known as Modi a “nice good friend” and mentioned India and the US are engaged on “some nice offers.” Trump additionally reiterated his claims of assurance from Modi over India's Russian oil imports, and that he stopped the India-Pakistan battle in Could.
Individuals cited above, nevertheless, clarified that the problem of Pakistan was not mentioned in Wednesday's phone name, opposite to the US president's declare. Curiously, Trump additionally moderated his place on Russian oil imports — from claiming that Modi had assured him of stopping them to solely lowering them.
India could increase US oil imports
“We simply have an excellent relationship, and he isn't going to purchase a lot oil from Russia,” Trump mentioned. “He desires to see that warfare finish as a lot as with Russia and Ukraine. And as you understand, they're not going to be shopping for an excessive amount of oil. So, they have it means again, and so they're persevering with to chop it means again.”At current, Russia provides roughly 34% of India's crude oil imports, whereas round 10% of the nation's oil and gasoline necessities (by worth) come from the US. India could improve oil imports from the US. The Diwali occasion on the White Home was attended by the Indian ambassador to the US, Vinay Kwatra, in addition to FBI chief Kash Patel, intelligence head Tulsi Gabbard, new US Ambassador to India Sergio Gor, and a few Indian American enterprise leaders. Modi and Trump final met in February when the prime minister travelled to Washington for a bilateral summit. They'd introduced a roadmap for increasing partnership. However after that, the connection began to show bitter amid Trump's repeated claims that he stopped the India-Pakistan standoff. Then Trump imposed steep 50% tariffs on India, together with 25% as sanctions for purchasing Russian oil.
Off late, ties have proven indicators of enchancment with three cellphone calls between Modi and Trump, together with Diwali greetings. Modi additionally endorsed Trump's Gaza peace plan and his assembly with the Russian President Vladimir Putin.
