The Economic Times

After 'Howdy Modi,' Trump and PM could sign trade deal

Reuters|
Big deal
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Big deal

The United States and India are racing to negotiate a limited trade deal that US President Donald Trump and Indian Prime Minister Narendra Modi can sign at the United Nations General Assembly in New York at the end of September, people familiar with the talks said

A deal between the world's most populous democracies would be a welcome victory for Trump, whose administration has made little headway negotiating an end to its prolonged trade war with China. Trump is also expected to sign a deal with Japanese Prime Minister Shinzo Abe next week that lowers Japanese farm tariffs.

The deal under discussion with India would lower some tariffs on U.S. produce and restore preferential treatment for some Indian exports to the United States, the sources said.

ANI
Stage is set
2/2

Stage is set

Trump and Modi will meet this Sunday in Houston at an Indian-American rally dubbed "Howdy Modi!" in a 50,000-seat stadium — a sign of their warming relations, which are contributing to expectations for a "mini-deal."

"There's a push to get something done with India, with an eye for UNGA," said a Washington-based source familiar with the discussions.

Trump has demanded better terms of trade from most of the top commercial partners of the United States, and blames previous deals for the loss of millions of US manufacturing jobs.

PTI

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