White House Hails India-US Trade Deal as 'Clear Win' for Both Nations

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News18•05-02-2026, 08:30
White House Hails India-US Trade Deal as 'Clear Win' for Both Nations
- •White House Press Secretary Karoline Leavitt praised the India-US trade pact, calling it a "clear win" economically, strategically, and geopolitically for both countries.
- •Leavitt stated that India committed to ending Russian oil purchases and boosting imports of American energy, with potential sourcing from Venezuela.
- •Prime Minister Modi reportedly pledged $500 billion in investments into the United States, targeting transportation, energy, and agricultural sectors.
- •Former President Trump announced a reduction in US reciprocal tariffs on Indian goods from 25% to 18%, citing friendship and respect for PM Modi.
- •PM Modi welcomed the tariff reduction, expressing delight that "Made in India" products would benefit, while Commerce Minister Piyush Goyal confirmed protection for sensitive Indian economic sectors.
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