Trump stated on his platform ‘Truth Social’: ‘I am pleased to announce that the United States of America and India are continuing negotiations to address the trade barriers between our two countries.’ He added, ‘I look forward to speaking with my dear friend, Prime Minister Modi, in the coming weeks. I am confident that there will be no difficulty in reaching a successful outcome for our two great nations.’
The tension between Washington and New Delhi escalated after U.S. President Donald Trump imposed an additional 50% tariff on Indian exports, of which 25% was allocated. In response to these pressures, Indian Prime Minister Narendra Modi emphasized his government’s commitment to the policy of ‘self-reliance’ and boosting local manufacturing, urging citizens to prefer national products in their daily consumption.
Meanwhile, Indian Foreign Ministry spokesman Randhir Jaiswal stated that his country considers U.S. and European criticisms of Russian oil imports to be invalid and illogical, and will take measures to protect its interests and economic security. India is the third-largest energy importer in the world, purchasing more than 80% of its oil consumption from global markets.
Earlier, the Times of India reported, citing data from the commodity market analysis firm Kpler, that India’s imports rose to their highest level in 11 months in June. This increase in purchases followed escalating geopolitical tensions between Israel and Iran.
