“Any trade agreement must be advantageous to both nations,” Indian External Affairs Minister S. Jaishankar stated on Thursday.
“We would anticipate that from the trade agreement,” he added, when asked about a number of agreements between the U.S. and Qatar, including one involving Boeing aircraft.
In a separate context, former U.S. President Donald Trump expressed opposition to Apple manufacturing products in India and reportedly had issues with Apple CEO Tim Cook. His stance raised concerns over U.S. tech companies expanding operations abroad, highlighting ongoing tensions between economic nationalism and global supply chain strategies.
The US president said that he had told CEO Tim Cook that he didn’t want him to construct in India since it was “one of the highest tariff nations in the world” while discussing Apple’s intentions to manufacture iPhones there.As the South Asian country looks to avoid increased import and export expenses, U.S. President Donald Trump said Thursday that India has offered a trade deal that suggested nearly “no tariffs” on US goods.
India refuted Trump’s assertion. However, New Delhi hopes to finalize a trade agreement with the United States during the ninety-day delay on reciprocal tariffs for major trading partners that Trump announced on April 9. Two days after India signed a similar agreement with the United Kingdom, the White House won a trade agreement with the United Kingdom on May 8.
Any trade agreement must be advantageous to both nations, Jaishankar stated on Thursday.
“We would anticipate that from the trade agreement. “Any judgment on a number of agreements between the US and Qatar, including one involving Boeing aircraft.
The US president said that he had told CEO Tim Cook that he didn’t want him to construct in India since it was “one of the highest tariff nations in the world” while discussing Apple’s intentions to manufacture iPhones there.In the wake of Trump’s remarks, India’s equity benchmarks increased by almost 1.5 percent. The BSE Sensex increased 1.48 percent and the Nifty 50 increased 1.6 percent, both of which hit their highest levels in seven months.
After Prime Minister Narendra Modi’s February visit to the White House, India was among the first nations to start trade talks with the US, and the two sides decided to finalize a bilateral agreement this year.
Meanwhile, US Vice President JD Vance praised what he described as “very good progress” on a trade deal between Washington and New Delhi during his visit to India last month, where he met with Prime Minister Narendra Modi.
