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To all the athletes representing @TeamUSA: I'm so proud of you. Your talent and perseverance have brought you to this moment, and Michelle and I will be joining Americans from across the country cheering you on.
Under the decisive leadership of PM @NarendraModi ji, India has reached a framework for an Interim Agreement with the US. This will open a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen. The increase in exports will create lakhs of new job opportunities for our women and youth.
As part of this framework, the US will slash reciprocal tariffs on Indian goods to 18%, providing a huge market opportunity in key sectors such as textiles & apparel, leather & footwear, plastic & rubber products, organic chemicals, home décor, artisanal products, and select machinery in the world’s largest economy.
Additionally, tariffs will go down to zero on a wide range of goods, including generic pharmaceuticals, gems & diamonds, and aircraft parts, thereby further enhancing India’s export competitiveness and Make in India.
India will also get exemptions under section 232 on aircraft parts, tariff rate quota on auto parts and negotiated outcomes on generic pharmaceuticals, leading to tangible export gains in these sectors.
At the same time, the Agreement reflects India’s commitment to safeguarding farmers’ interests and sustaining rural livelihoods by completely protecting sensitive agricultural and dairy products, including maize, wheat, rice, soya, poultry, milk, cheese, ethanol(fuel), tobacco, certain vegetables, meat, etc.
This agreement will help India and the US remain focused on working together to further deepen economic cooperation, reflecting shared commitment to sustainable growth for our people and businesses.
Towards realising Viksit Bharat !
📖 https://t.co/mSKCqztTtE
At the invitation of my friend, Prime Minister Anwar Ibrahim, I will be visiting Malaysia, a nation with which India’s ties are deep-rooted and extensive. This visit will boost our Comprehensive Strategic Partnership and enhance cooperation across sectors.
Malaysia is home to a vibrant Indian diaspora. Looking forward to today’s community programme in Kuala Lumpur, where I will get an opportunity to interact with our diaspora.
@anwaribrahim
https://t.co/Kby5nioS50
Great news for India and USA!
We have agreed on a framework for an Interim Trade Agreement between our two great nations. I thank President Trump for his personal commitment to robust ties between our countries.
This framework reflects the growing depth, trust and dynamism of our partnership. It strengthens ‘Make in India’ by opening new opportunities for India’s hardworking farmers, entrepreneurs, MSMEs, StartUp innovators, fishermen and more. It will generate large-scale employment for women and youngsters.
India and the United States share a commitment to promoting innovation and this framework will further deepen investment and technology partnerships between us.
This framework will also strengthen resilient and trusted supply chains and contribute to global growth. As India moves forward towards building a Viksit Bharat, we remain committed to building global partnerships that are future-oriented, empower our people and contribute to shared prosperity.
@POTUS@realDonaldTrump
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