On Monday, US President Donald Trump and India’s Prime Minister Narendra Modi confirmed that US will reduce reciprocal tariffs on India to 18 per cent. Trump also hinted at agreement on a trade deal between both the nations.
“We congratulate the U.S. and Indian governments on their announcement to reduce tariffs and non-tariff barriers that will benefit American and Indian companies and workers in both great nations,” Clark said.
We appreciate the efforts of President Trump and Prime Minister Modi, and their officials, including Ambassadors Kwatra and Gor, she said.
“We are optimistic that this is the first step toward a comprehensive trade agreement that will unlock even more private sector collaboration, and we look forward to reviewing the details of the deal,” Clark said.
“The Chamber, our U.S.-India Business Council, and our members are strong champions of this effort, and we look forward to partnering with both governments to implement today’s announcement,” she added.
Last year, Clark traveled to Delhi and Mumbai for meetings with Indian officials and business leaders, and called for a trade deal with India. She noted that U.S.-India economic relationship is one of the most consequential in the world, and a trade deal would benefit both economies as well as global security.
