India and US set $500 billion trade target by 2030 after Modi-Trump meeting

Prime Minister Narendra Modi announced a goal to double India-US bilateral trade to $500 billion by 2030 during his visit to the United States. This target follows discussions on tariffs and a commitment to a new trade agreement. The current bilateral trade stands at $129.2 billion as of 2024. Modi emphasized collaboration on artificial intelligence, semiconductors, and supply chains for strategic minerals. President Trump highlighted India's high tariffs and announced reciprocal tariffs, stating the US would match the tariffs imposed by other countries. Both leaders aim to address trade disparities and finalize a beneficial trade deal soon.