Prime Minister Narendra Modi's US visit has been completed. During this, Prime Minister Modi met US President Donald Trump. The two leaders discussed trade, technology, defence and security, and energy as well as strengthening relations between the people of the two countries. During the talks between the two leaders, it was agreed that by 2030, the trade between the two countries will be brought to $ 500 billion. Trump said that both countries will increase trade together. It has been named 'Mission 500'.

However, US President Donald Trump made it clear that India will also have to face reciprocal tariffs like other countries. This agreement was discussed in detail between Prime Minister Narendra Modi and President Trump. During this, discussions were held on trade-related issues and tariffs. Let us tell you that just a few hours before the meeting, Donald Trump had announced a new reciprocal tariff policy for all US trading partners.

India to Import More Oil and Gas from the U.S.

During the joint press conference, President Trump said that India will now buy more oil and gas from America, which will reduce America's trade deficit. Let us tell you that currently, the total trade between India and America is $ 130 billion, in America's trade deficit is $ 45 billion. Both the leaders expressed commitment to remove mutual trade barriers and directed their teams to work on a fair and beneficial trade agreement.

Target of $500 Billion Trade by 2030

According to the joint statement, PM Modi and President Trump resolved to further strengthen US-India trade. Under this, an initiative called 'Mission 500' was launched, which aims to take the total trade to $ 500 billion by 2030. For this, both countries have planned to finalize the first phase of the bilateral trade agreement by the end of 2025. Under this agreement, work will be done on various issues like easing market access, reducing tariffs and strengthening the supply chain.

Boost to Indian Exports

The joint statement said that the US has supported the increase in the export of some Indian products like mango and pomegranate. At the same time, India has taken the initiative to reduce import duty on some US products such as motorcycles, ICT (Information and Communication Technology) products, metals and agricultural products.

Increased Indian Investment in US

Both countries also agreed to increase mutual investment. In this direction, Indian companies have invested $ 7.35 billion in the US. Companies like Hindalco's subsidiary Novelis, JSW Steel and Epsilon Advanced Materials have increased their investment in the US, creating thousands of local jobs.

This visit of Prime Minister Modi has given new strength to the strategic and economic relations between India and the US. Both countries not only agreed to expand trade and investment relations but also resolved to take energy, defence and technical cooperation to the next level. With an ambitious goal like 'Mission 500', bilateral cooperation between India and the US is expected to deepen further in the coming years. This historic initiative will not only provide economic benefits to both countries but will also strengthen their partnership on the global stage.