John Catsimatidis, a refinery company and the CEO and CEO of the Apple Red Group, recalls a moment when the New York City mayor is said to be reducing charges against him. He also talks about consumer inflation.
President Donald Trump is expected to welcome the White House on Thursday to the White House. At the meeting, the only fourth leader in the world, who has met the President since the start of his second term, emphasizes the importance of US -India relations.
Modi, India's most prominent leader in decades, is mainly left Popular Form both home and abroad. Authorities in New Delhi are optimistic that his visit will pave the way for renewed strategic cooperation. Trump and Modi are expected to cover a wide range of issues. Trade and tariffs are expected to prevail.
Reuters reported that Modi is also expected to meet with Elvan Mesak, CEO of Billionaire, who could discuss the arrival of Starlink into the South Asian market. The two men are said to have a friendly relationship and meet Mossak Modi in 2023.
“Business is the most important agenda,” said Sidhartha Dubai, a professor of journalism at Bennett University in India.
India, the world's fastest economy, has not saved tariffs so far. But the stock is still up.
Modi India speaks in the midst of hopes of promoting relations with the “dear friend” president
President Donald Trump with the Indian Prime Minister, Narendra Modi in Mutra, on the outskirts of Ahmadabad, India, was shown on February 24, 2020. Human
“It has been one of our strongest International partnerships In recent years, “Dubai said.
Trump and Modi have a strong personal report, and their meeting is expected to focus more on the evolving dynamics of the world's most populous democracy and the most powerful.
The United States is India's largest trading partner, with trade reached a record of $ 129.2 billion in 2024. Currently, the surplus of trade in India is about $ 35 billion. India is also one of the most conservative economies, and Trump is certainly pushing for more access.
Dubai warned that “privately, many Indians feel that Delhi could soon be in Trump's seats”, especially with Trump's news that he implemented mutual tariffs in any countries with US tariffs. Will, which can include India. And recently, he introduced 25 % tariff for all Imports of steel and aluminum Without exception, Modi is eager to prevent a potential trade war. In the next few days, he is expected to provide great concessions in an attempt to move towards the White House.
India is now willing to ease their tariffs in what is said to be preventive measures Turn off US tariffsHuman India has reduced its duties on key US exports. For example, this month, India cuts motorcycle tariffs in a move in favor of Harley Davidson's American company. The US motorcycle exports to India last year only about $ 3 million.
Victory of the Third Prime Minister Modi, Victory for Business: “Sky is Had”
The Prime Minister of India Narendra Modi (R) meets with Elun Maskan (L) in New York on June 20, 2023. (Photo by the Indian Press Information Office (PIB) / Anadolu Agency / Agency via Getty Images)
Despite the measures taken by India to address Trump's concerns, it is still at risk. Trump has often criticized India as one of the “very large tariff abusers”, and last month he called the nation a “maker of extraordinary tariffs”.
Trump's senior economic adviser, Kevin, repeated the criticism on Monday, saying, “India is too high”, which acts as a barrier to imports. In his first period, Trump moved against the steep tariffs of India and dubbed it “the King of the Tariff”. In 2019, he was canceled India's special privileges, and India has retaliated by slapping tariffs on dozens of American goods.
According to the World Trade Organization data, the average tariff of India is 17 %, which is significantly higher than the US rate of about 3.3 %.
Dubai told Fox Business: “This is unfair.” “And I don't believe President Trump will be closed. India must reduce its high tariffs, there is no question about it,” he said.
President Donald Trump signed executive orders on Monday and imposes 25 % tariffs on imported steel and aluminum, the last year in his constant effort to repair US trade relations with other parts of the world. (Jabin Botsford/Washington Post through Getty Images)
However, India is confident that it is capable of navigating Trump's “first American” policies. During the next session, Modi is expected to propose increased energy imports from the United States to eliminate trade imbalances. The Indian oil minister says companies hoping to buy US liquid natural gas after Trump lifting new export licenses. As the fourth importer of liquid natural gas, India is well positioned for its energy trade with the United States
When it comes to defensive imports, Reuters reports that Modi is negotiating about purchasing and producing at the same time as war vehicles as well as finalizing a fighter jet engine. India is the largest importer of military equipment in the world, and Trump wants to buy more security equipment. The pressure comes as the United States and Russia are competing for the Indian fifth -generation fighter jet contract. New Delhi also focuses on attracting more US companies in production and services, especially the insurance sector.
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Modi arrived in Washington on Wednesday after visiting France for a world conference on artificial intelligence. At the time of being there, Modi met With Vice President JD VANCE, more diplomatic relations are strengthened. In a departure statement, Modi expressed an enthusiasm for meeting “My friend, President Trump” who certainly offers opportunities and challenges.
The trade relations of India and the United States have grown constantly over the years, but Modi has acknowledged that this partnership can be deep in several important areas, including technology, trade, defense, energy and resistance to the supply chain.
“Modi and his team need to do more for Trump and his team, which they do, and make India more friendly for US exporters,” Dubai said.