Donald Trump is confident that Washington and New Delhi will reach a trade agreement soon. Calling Prime Minister Narendra Modi a ‘good friend’, the US President spotlighted what he described as a reversal in the trade dynamics between the two countries.Donald Trump is confident of India-US trade deal. (REUTERS)“For years, India took advantage of the United States,” Trump said on Thursday. “They charged us tremendous tariffs and paid nothing. Now it is the exact reverse and we are making a lot of money with India.”“But we will get to a deal because I like your Prime Minister [Narendra Modi] a lot. He is a good friend of mine, and we get along well. We have a good relationship,” Trump said.ALSO READ | India, US reaffirm commitment to reach trade agreement as talks concludeHis remarks came as India and the US renewed efforts to finalise a bilateral trade deal after fresh talks in New Delhi. A four-day visit by United States Trade Representative (USTR) officials from June 1-4 helped push the trade discussions ahead, according to a government statement.Officials from both sides held talks on a range of issues, including market access, non-tariff barriers, customs procedures, trade facilitation measures and economic security cooperation.The US this week flagged 60 economies, including India, for failing to effectively curb imports made with forced labour. This could lead to trade action.India is among 54 economies named by Washington, alongside countries such as Australia, China, Japan, Saudi Arabia, Singapore, the UK and the UAE."The failure of our most important trading partners to address the importation of goods made with forced labor is unacceptable. This creates a dynamic where American workers are forced to compete globally on an unlevel playing field," US trade representative ambassador Jamieson Greer said.ALSO READ | ‘India will resist such efforts’: Putin backs New Delhi amid ‘US pressure’ over Russian oil
‘India took advantage of the US for years’: Trump says trade deal with ‘good friend’ PM Modi soon
Donald Trump said India previously imposed high tariffs on US goods but added that the situation had now reversed. | India News










