India and the US are making progress on a trade deal, following weeks of tension between the two nations. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed
US President Donald Trump said on Wednesday he is ready for a trade deal with India. "I am going to do a trade deal with India and I have great respect for PM Modi," he said at the APEC CEOs luncheon in South Korea.
Trump emphasised his "great respect" for Modi while affirming his interest in a stronger economic relationship.
The US imposed a tariff of 50% on most Indian goods in August, half of which is a penalty for purchases of Russian oil.
Trump asserted his administration’s success in foreign policy, claiming, "We stopped a lot of wars, made our country strong," and noted that "around the worl

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