The United States and India will increase bilateral trade to $ 500 billion by 2030

India and the United States, until 2030, the Prime Minister of India, Prime Minister Narendra Modi, said at a joint press conference with US President Donald Trump on Thursday.

Speaking at the end of the two leaders in Washington, Modi also “will work for our teams to end soon”, mutually beneficial trade agreement. “

Trump has chosen his last movement to choose the last movement of India and hoped that trade will begin negotiations and agree.

Modi, India and the United States, focusing on the establishment of strong supply chains for strategic minerals, they will work together with the development of artificial intelligence and semi-presenters.

Words came a few hours after Trump’s signed The Presidential Memorandum announced his plan “Mutual tariffs” for foreign nations, including India.

The United States would fill the same tariff rates on India, when trade deficiency with Trump, India can be solved with oil and gas sales.

India applies 17% simple averages Tariff on countries with the status of the most popular nation, 3.3% compared to the United States. The United States enjoys the status of MFN with the largest economies.

US trading with India is assessed in the United States $ 129 billion in 2024According to the office of the US Trade Representation. India’s communication with the United States, this The second largest trade partner, Reached $ 45.7 billion last year.

The highest target of $ 500 billion trade can be achieved in trade, Raghuram Rajan, CHICAGO Booth University, former reserve bank, the CNBC reported to the CNBC, Financial Prof.Squawk Box Asia“

India, The world’s largest Defense Equipment ImporterRajan added that he said that they were directing Russia’s imports to the United States and buying liquefied natural gas from American manufacturers.

“Currently a mutual nation … We charge them, we charge them. Another country is charged, we are charging them. Therefore, I think it is a fair way,” he said. The US president said in a press briefing.

The President said that mutual tariffs said that its administration will not immediately enter the appropriate tariff levels for each affected country.

Trump has already stressed the tariffs of global tariffs in China, Canada and Canada and Mexico, as well as steel and aluminum imports. Trump tariffs in Canada and Mexico are currently uninterrupted

Despite the tones that promote the Wednesday summit, friction remains in the US-Indian relationship, Daniel Balazs, S. Rajaratnam’s counterparty, such as illegal immigration and close relations with India’s close relations with Russia, said. “The latter, especially soon, will be far from any time, and it will probably remain a point between the two sides.”