The United States and India have reaffirmed their commitment to expanding bilateral trade, setting an ambitious target of reaching $500 billion by 2030. This milestone reflects the strengthening economic relationship between the two nations and their shared vision for a more integrated and dynamic global trade landscape.
Following high-level discussions in Washington, Indian Prime Minister Narendra Modi and U.S. President Donald Trump emphasized their dedication to enhancing trade cooperation across key sectors, including artificial intelligence, semiconductors, and strategic minerals. These advancements are expected to drive innovation, create jobs, and improve supply chain resilience for both economies.
“We have set ourselves the target of more than doubling our bilateral trade to attain $500 billion by 2030. Our teams will work on concluding a mutually beneficial trade agreement very soon,” said Modi, highlighting the positive momentum in trade negotiations.
The discussions also addressed trade balance improvements, with India taking steps to reduce tariffs on select U.S. goods. This move is expected to increase market access for American exporters, fostering a fair and reciprocal trade environment.
A senior U.S. official confirmed that trade talks are progressing steadily, with both sides aiming to finalize a bilateral trade agreement within the year. Trump underscored the importance of ensuring fair trade practices and highlighted opportunities for increased U.S. energy exports to India, further strengthening economic ties.
With India emerging as a key global trade partner, this renewed commitment to economic collaboration sets the stage for sustained growth, investment, and innovation, benefiting businesses and consumers alike.
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