Trump hints at new tariffs as he meets Modi to discuss trade issues

President Donald Trump is meeting with Indian Prime Minister Narendra Modi today at the White House. They are expected to discuss reducing import tariffs, increasing US energy and defense purchases, and addressing trade issues. Ahead of the meeting, Trump hinted at new reciprocal tariffs that would match higher rates imposed by other countries on US goods. This approach aims to address significant tariff differences, particularly with countries like India. Currently, India has a 9.5% average tariff on US imports, while the US charges 3% on Indian goods. The meeting may lead to an agreement to avoid or delay new tariffs on Indian exports.