Politics
American reciprocal prices: Trump says that Prime Minister Modi is “Avery Smart Man”, a positive result of commercial negotiations
Donald Trump has renewed his criticism of the India pricing regime while issuing strong praise for Prime Minister Narendra Modi, whom he called a great friend and a very intelligent man. Addressing the White House journalists, the former American president struck a mixture of admiration and criticism, signaling the hope of a breakthrough in the current commercial negotiations.
Prime Minister Modi was recently here, and we have always been very good friends. India is one of the highest nations in the world … They are very intelligent, said Trump. He is a very intelligent man and a great friend to me. We had very good discussions. I think it will work very well between India and our country. And I mean you have a great Prime Minister.
His remarks come when Washington is preparing to apply reciprocal prices on countries, including India, on what Trump has described on several occasions as unfair business practices.
I have a very good relationship with India, but the only problem I have with India is that they are one of the highest nations in the world, he said. I think they will probably lower these prices considerably, but on April 2, we will charge them the same rates they charge us.
Trump also accused India of restricting market access: you cannot sell anything in India, it is almost restrictive. By the way, they agreed to reduce their prices now because someone finally exhibited them for what they did.
Since February, India has increased its efforts to facilitate trade tensions. New Delhi is committed to bringing American energy imports to $ 25 billion, compared to $ 15 billion last year. The Modi government has also given way to larger defense links, Trump indicating that India could soon buy F-35 fighter hunting planes.
India's response to prices
In response to tariff concerns, India has reduced rights to key imports reducing the price on Bourbon whiskey by 150% to 100%, while the February budget reduced tasks on luxury cars, solar cells and machines. The Indias Peak import rate is now 70%, with the average at less than 11%.
In addition, Elon Musks Starlink is approaching the final regulatory authorization to operate in India after having attached themselves to Reliance and Airtel a decision which should help the expansion of satellite internet companies on emerging markets.
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Sources 2/ https://www.businesstoday.in/world/us/story/us-reciprocal-tariffs-trump-says-pm-modi-is-a-very-smart-man-signals-positive-outcome-from-trade-talks-469898-2025-03-29 The mention sources can contact us to remove/changing this article |
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