Trump and Modi discuss trade negotiations as U.S. tariffs loom

President Donald Trump and Indian Prime Minister Narendra Modi met to discuss trade, promising negotiations to boost economic ties. Trump indicated that new U.S. tariffs on Indian goods might be introduced, aiming for "fairness and reciprocity" in trade. Modi expressed concerns about U.S. tariffs, calling India's existing rates "unfair." India has shown willingness to lower tariffs on some U.S. goods and increase purchases of American oil ahead of the talks. Trump also mentioned plans to increase military sales to India, including potential F-35 fighter jets. The U.S. and India currently have a $50 billion trade deficit in India's favor, with total trade around $190.1 billion in 2023.