Apr. 21 at 4:32 PM
VP JD Vance is in Inda meeting w/ PM Modi
The US is India’s largest trading partner & the 2 are now holding negotiations aiming to seal a bilateral trade agreement this year. They have set an ambitious target of more than doubling their bilateral trade to
$500B by 2030
India is an important strategic ally in combating the rising influence of China in the Indo-Pacific region. It is also part of the Quad, which is comprised of the US, India, Japan & Australia and is seen as a counterbalance to China’s expansion in the region. The 2 countries have announced plans to sign a 10-year framework later this year for strengthening their defense partnership.
President Trump is expected to attend a summit of Quad leaders in India later this year.
President Trump targeted India with a 26% tariff, part of which has since been paused. However, he has continued to call India a “tariff abuser” & “tariff king.”
$INDY $INDA