Trade ties between the two nations took a downturn earlier this year after the Trump administration introduced a 50 per cent tariff on Indian exports, which included a 25 per cent surcharge linked to India’s continued purchases of Russian oil. 'One of our country's most important...': Trump makes BIG announcement on trade deal with India

US President Donald Trump said that the United States was nearing a trade agreement with India, one that would strengthen both nations’ economic and security partnerships, increase American energy exports, and attract new investments into vital U.S. industries, according to a Reuters report. Speaking at the Oval Office during the swearing-in of Sergio Gor as the new U.S. ambassador to India, Trump said, “We’re getting a fair deal, just a fair trade deal.

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