India pledges to buy more US oil and gas

India has agreed to buy more American fossil fuels and combat aircraft, and to ease tariffs on imported goods, after its prime minister Narendra Modi and US president Donald Trump met at the White House on Thursday.

Mr Trump had repeatedly threatened to impose punitive tariffs against India if it did not make concessions to shrink the trade deficit between the two countries. Hours before the two leaders met, Mr Trump complained about the climate for American businesses in India and threatened tariffs against any country that puts high duties on US imports.

“Prime minister Modi recently announced the reductions to India’s unfair, very strong tariffs that limit us access to the Indian market, very strongly,” Mr Trump said. “And really it’s a big problem I must say.”

Click here to read the full article
Source: Independent

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.