Vice President JD Vance announced that the United States and India have made “very good” progress in their trade negotiations.
“As many of you are aware, both of our governments are hard at work on a trade agreement built on shared priorities like creating new jobs, building durable supply chains, and achieving prosperity for our workers,” Vance said. “In our meeting yesterday, Prime Minister Modi and I made very good progress on all of those points, and we are especially excited to formally announce that America and India have officially finalized the terms of reference for the trade negotiations.”
“I believe this is a vital step toward realizing Trump’s and Prime Minister Modi’s vision, because it sets a roadmap toward a final deal between our nations,” he declared.
The negotiations come as countries are seeking arrangements with the United States amid President Trump’s tariff plan.
On Monday, U.S. Trade Representative Jamieson Greer noted there is a “serious lack of reciprocity in the trade relationship with India.”
“These ongoing talks will help achieve balance and reciprocity by opening new markets for American goods and addressing unfair practices that harm American workers,” Greer stated. “India’s constructive engagement so far has been welcomed and I look forward to creating new opportunities for workers, farmers, and entrepreneurs in both countries.”
China has warned countries seeking to make trade deals with the United States and threatened them with potential countermeasures.
“It should be pointed out in particular that China firmly opposes any party to reach a deal at the expense of China’s interests. If this happens, China will never accept it and will resolutely take countermeasures in a reciprocal manner,” a spokesman for China’s commerce ministry declared. “China is determined and capable of safeguarding its own rights and interests.”
