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John Catsimatidis, president and CEO of United Refining Co. and Red Apple Group, recalls the moment when, according to the reports, he told the mayor of New York City that the Department of Justice was withdrawing charges against him; It also talks about consumer inflation.
President Donald Trump is expected to welcome the Indian Prime Minister Narendra Modi to the White House on Thursday. As only the fourth world leader who met with the president since his second term began, the meeting underlines the importance of the relationship between the United States and India.
Modi, the most prominent leader in India in decades, remains largely Popular but polarizing Figure both at home and abroad. The officials in New Delhi are optimistic that their visit will pave the way for a renewed strategic association. Trump and Modi are expected to cover a wide range of problems; Trade and tariffs are expected to dominate it.
Reuters reported that Modi is also expected to meet with the CEO of Elon Musk multimillionaire technology, whose Starlink entry into the southern market of Asia could be discussed. It is said that the two men have a friendly relationship, and Musk meets Modi in 2023.
“Commerce is, with much, the most important agenda, with defense and foreign policy taking a secondary position this time,” Siddhartha Dubey, a visiting professor of Journalism at the University of Bennett in India, told Fox Business. Countries “have no progress in a commercial agreement,” he said.
India, the fastest growing main economy in the world, rates have been saved so far. But bets remain high.
Modi of India speaks with the president of ‘Dear friend’ Trump amid the hope of promoting ties
President Donald Trump is shown with Indian Prime Minister Narendra Modi in a biker, on the outskirts of Ahmedabad, India, on February 24, 2020. .
“This has been one of our strongest international associations in recent years,” Dubey said.
Trump and Modi enjoy a strong personal relationship, and it is expected that their meeting will throw more light on the evolutionary dynamics between the most populous democracy in the world and the most powerful,
The United States is the largest commercial partner in India, with a trade that reaches a record of $ 129.2 billion in 2024. Currently, the commercial surplus is around $ 35 billion in favor of India. India is also one of the most protectionist economies, and Trump will surely press for more access.
Dubey warned that “in private, many Indians feel that Delhi could be in Trump’s sights soon”, especially with Trump’s news saying that he will implement reciprocal tariff . And more recently, he introduced a 25% rate in all imports of steel and aluminum without exceptions. But Modi is anxious to avoid a possible commercial war. In the next few days, it is expected to offer some important concessions in an attempt to move towards what the White House calls a “fair bilateral commercial relationship.”
India is already showing the will to relieve its own tariffs in what is believed to be preventive movements for It is the rates of us. India has reduced tasks on the key exports of the United States. This month, for example, India reduced tariffs on motorcycles in a movement that benefits the American company Harley-Davidson. US motorcycle exports. UU. India amounted to only around $ 3 million last year.
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The Indian Prime Minister, Narendra Modi, on the right, meets Elon Musk in New York on June 20, 2023. (India/Handut/Anadolu Agency press information agency through Getty Images)
Despite the steps that India has taken to address Trump’s concerns, the country is still at risk. Trump often criticized India as one of the “very large tariff abusers”, and last month he called the nation a “tremendous fee manufacturer.”
Trump’s main economic advisor Kevin Hassett echoed those criticism on Monday, saying that “India has greatly high tariffs” that act as an import barrier. During his first term, Trump criticized the pronounced tariffs of India, calling him a “tariff king.” In 2019, he revoked the special commercial privileges of India, which led India to retaliate by slapping tariffs to dozens of US goods.
According to the data of the World Trade Organization, the simple average tariff rate of India is 17%, significantly higher than the US rate of approximately 3.3%.
“This is unfair,” Dubey told Fox Business. “And I don’t think President Trump turns a blind eye. India has to reduce his high rates, there is no doubt about it,” he added.
President Donald Trump signs the executive orders of Monday that impose tariffs of 25% on the imported steel and aluminum, the last save in his continuous effort to review the US commercial relationship with the rest of the world. (Sossford/Washington Post through Getty Images)
However, India continues to rely on navigating Trump’s “First America” policies. During the next meeting, Modi is expected to propose an increase in imports of energy products from the US to address the commercial imbalance. India’s oil secretary says that companies that expect to buy Natural Liquefied Gas from the United States after Trump lifted the prohibition of new export permits. As the fourth largest liquefied natural gas importer, India is well positioned to promote its energy trade with the United States
When it comes to defense imports, Reuters reports that Modi is negotiating the purchase and co -production of combat vehicles, as well as to finish an engine of combat aircraft. India is the largest world importer of military teams, and Trump wants the country to buy more security equipment manufactured in the United States. The impulse occurs when the United States and Russia compete to ensure the fifth generation combat aircraft agreement of India. Nueva Delhi also focuses on attracting a greater investment of US companies in manufacturing and services, particularly the insurance sector.
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Modi arrived in Washington on Wednesday after a visit to France for a global conference on artificial intelligence. During his time there Modi met With vice president JD Vance, even more strengthening diplomatic ties. In an exit statement, Modi expressed eagerness for his meeting with “My friend, President Trump”, who will surely submit opportunities and challenges.
Indo-American commercial ties have constantly grown over the years, but Modi has recognized that the association can deepen several critical areas, including technology, trade, defense, energy and resilience of the supply chain .
“Modi and his team must do more to calm Trump and his team that will raise certain duties and make India much more friendly with US exporters,” Dubey said.
