In a pivotal visit, US Vice-President JD Vance arrived in India's capital to engage in discussions with Prime Minister Narendra Modi concerning rising international trade tensions influenced by America's tariff policies.
Vance Arrives in Delhi for Talks with Modi Amid Trade Tensions
Vance Arrives in Delhi for Talks with Modi Amid Trade Tensions
US Vice-President JD Vance begins crucial four-day visit to India, addressing tariff disputes with PM Modi.
Vance and Modi plan to deliberate on expediting a long-anticipated bilateral trade agreement, as worldwide nations scramble to finalize trade negotiations before the impending expiration of US President Donald Trump's temporary halt on reciprocal tariffs on July 9. Vance is accompanied by his family and is expected to partake in sightseeing excursions in Agra and Jaipur.
The Vice-President's arrival in Delhi coincided with heightened trade conflicts following Trump's announcement of significant reciprocal tariffs. This includes a proposed 27% tariff on India that was temporarily halted in April. In response, India has already reduced tariffs on select US products, with more reductions anticipated due to the existing trade imbalance favoring India, which currently enjoys a $45 billion trade surplus.
Historically, India's average tariffs have been approximately 12%, starkly contrasting with the US’s average of 2%. Although the US was once India's foremost trading partner—with bilateral trade reaching $190 billion—the pressures of newly imposed tariffs have complicated relations.
Vance's visit is particularly significant considering the expected visit from Trump later this year for the Quad summit. Indian Foreign Ministry spokesperson Randhir Jaiswal expressed optimism that Vance's trip would enhance bilateral relations between the two nations, underscoring the importance of this high-level engagement.
The Vice-President's arrival in Delhi coincided with heightened trade conflicts following Trump's announcement of significant reciprocal tariffs. This includes a proposed 27% tariff on India that was temporarily halted in April. In response, India has already reduced tariffs on select US products, with more reductions anticipated due to the existing trade imbalance favoring India, which currently enjoys a $45 billion trade surplus.
Historically, India's average tariffs have been approximately 12%, starkly contrasting with the US’s average of 2%. Although the US was once India's foremost trading partner—with bilateral trade reaching $190 billion—the pressures of newly imposed tariffs have complicated relations.
Vance's visit is particularly significant considering the expected visit from Trump later this year for the Quad summit. Indian Foreign Ministry spokesperson Randhir Jaiswal expressed optimism that Vance's trip would enhance bilateral relations between the two nations, underscoring the importance of this high-level engagement.
