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Trump says trade deal with 'good friend' PM Modi soon

US President Donald Trump is confident that Washington and New Delhi will reach a trade agreement soon. Calling Prime Minister Narendra Modi a ‘good friend’,Speaking to the reporters at White House, Trump said on Thursday, "For years, India took advantage of the United States... They charged us tremendous tariffs and paid nothing... Now it is the exact reverse and we are making a lot of money with India. But we will get to a deal because I like your Prime Minister (Narendra Modi) a lot; he is a good friend of mine, and we get along well. We have a good relationship."

His remarks came as India and the US renewed efforts to finalise a bilateral trade deal after fresh talks in New Delhi. A four-day visit by United States Trade Representative (USTR) officials from June 1-4 helped push the trade discussions ahead, according to a government statement.Officials from both sides held talks on a range of issues, including market access, non-tariff barriers, customs procedures, trade facilitation measures and economic security cooperation. The US this week flagged 60 economies, including India, for failing to effectively curb imports made with forced labour. This could lead to trade action. India is among 54 economies named by Washington, alongside countries such as Australia, China, Japan, Saudi Arabia, Singapore, the UK and the UAE.

 

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