New Delhi: All eyes are on the upcoming meeting between Prime Minister Narendra Modi and US President Donald Trump in Washington DC. In ‘Modi’s US visit raises industry hopes amid tariff threats,’ Reuters reports that PM Modi is expected to propose tariff cuts and increased energy and defence imports to Trump at the meeting Wednesday.
“Modi is keen to avert a potential trade war and boost trade ties after Trump threatened reciprocal tariffs on many countries, including a 25 percent tariff on all steel and aluminium imports,” Reuters reports.
According to the report, alleviating trade imbalances by increasing energy imports from the US could be among the key issues likely to be discussed at the meeting, especially since India is the world’s fourth-largest importer of liquefied natural gas.
India is also likely to purchase and co-produce combat vehicles and finalise a fighter jet engine deal.