- India and America have finalised terms of reference for a trade deal.
- I believe that India and US have much to offer one another.
- Our administration seeks trade partners on the basis of fairness.
- We have common goals with India.
- India and US will co-produce many defence equipment items.
- India and US both know the region must remain safe from any hostile powers.
- We want India to buy more of our military equipment.
- We want to help India explore offshore gas reserve and critical mineral supplies.
- India should consider dropping some of the non-tariff barriers for American access to the Indian market.
- I welcome India’s budget amendment of nuclear liability laws.
- I believe America’s energy can help realise India’s nuclear goals.
- The future of 21st century will be determined by India-US partnership.
- If India, US fail to work together, 21st century will be a dark time for the world.
Vance was in India on a personal trip with the second lady Usha Vance and his family. He met India’s PM Modi in New Delhi and discussed about trade and cooperation. As a reminder, Trump imposed 26% reciprocal tariff on India on April 2 before suspending them for 90 days and leaving a 10% baseline tariff.
This article was written by Giuseppe Dellamotta at www.forexlive.com.