Hours ahead of the much-anticipated meeting between Prime Minister Narendra Modi and American President Donald Trump, CNBCTV18 quoting a senior White House official, reported that India and US will sign a new defence framework today.
The channel further reported that the talks on new defence procurements from India have been positive and is expected to bring down trade deficit. Additionally, the talk between Trump and Modi later today will further solidify fair bilateral trade partnership, which could be announced by the fall of 2025, reported the broadcaster quoting a senior White House official.
PM Modi reached the United States earlier today for a first bilateral meet since Trump was elected to a second term in November; he did so on the back of a hardline nationalist agenda that included promises to deport illegal immigrants and jumpstart a stuttering manufacturing sector.
Action on the former front included sending a military planeload of 104 Indians who entered the US illegally. The manner of deportation - the deportees were shackled - triggered a row in India.
In a brief post, with the trademark self-congratulation, Trump wrote, "THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!!" The 'reciprocal tariffs' post was an echo from Wednesday, when he committed to orders that could open new fronts in a fast-growing trade war with other nations, including allies.
Ahead of his visit to the US, the Prime Minister spoke of the "collaboration" between himself and Trump during the latter's first term (2017-2021) and that he hoped strong personal ties would help the India-US partnership deepen in crucial sectors like technology, trade, and defence.
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