India and America |A new business era has begun. On Monday (02 February), President Donald Trump increased the reciprocal tariff imposed on India to 18 percent. Along with this, Trump has also agreed to the long pending trade agreement. In such a situation, now White House Press Secretary Caroline Levitt has shared information on the India-America trade agreement. He claimed that PM Modi has promised huge investment in the American economy. Press Secretary Carolyn Levitt on Wednesday mentioned the US-India agreement and the cordial relations between US President Donald Trump and Prime Minister Narendra Modi. Levitt claimed that Prime Minister Modi agreed to stop buying Russian oil and instead buy oil from the US and possibly Venezuela.
What Caroline Levitt said on the trade deal?
Speaking to the media in Washington, Carolyn Levitt said, ‘India has not only committed to stop buying oil from Russia, but has also committed to buying oil from the US, and possibly also from Venezuela, which will now directly benefit the US and the American people. Prime Minister Modi has committed to invest $500 billion in America, including in energy, transportation and agricultural products. This is another great trade deal.
Very good relations between the two countries: Levitt
Speaking to reporters outside the White House after the talks between PM Modi and President Trump, Caroline Levitt said that these commitments have been made after direct talks between the leaders of the two countries. He said, ‘As you all saw, the President signed another big trade agreement with India. He spoke directly to Prime Minister Modi; There are very good relations between the two countries.
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‘President’s tariffs are proving effective’
Praising President Donald Trump, Levitt said Trump’s tariffs are injecting cash into the US economy. He said, ‘The President’s tariffs are proving effective and his economic agenda is also working. Along with imposing tariffs, employment opportunities are being created by promoting manufacturing and investment in America. The President has played a key role in bringing investment to America from countries and companies around the world. In the last few months we have seen a huge increase in employment in the construction sector. This is because these factories are being built right here in America and we are employing Americans.
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Trump announces tariff cut, praises Modi
Let us tell you that after a year of diplomatic tension over tariffs, relations between Washington and New Delhi are going to be strengthened afresh. The US President had announced on Sunday that the tariff on Indian goods was reduced to 18 percent, and the additional 25 percent penalty related to Russian oil would also be removed. Also agreed on trade agreement. After Trump’s announcement, Prime Minister Modi confirmed the duty cut. Welcoming this decision, he said that now Indian products will have to pay less duty in the American market. However, other terms of the agreement are not yet clear.
