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Indian Prime Minister Modi to meet with U.S. President Trump to discuss trade this week

MacDailyNews

Feb 12

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Indian Prime Minister Narendra Modi hugs U.S. President Donald Trump at the White House on June 26, 2017 — Indian Prime Minister Narendra Modi hugged U.S. President Donald Trump at the White House on June 26, 2017

This week, Indian Prime Minister Narendra Modi will meet with U.S. President Donald Trump in a significant bilateral engagement focused on trade relations. The meeting aims to address ongoing trade disputes and explore opportunities for enhancing economic cooperation between the two nations.

Dan Strumpf and Sudhi Ranjan Sen for Bloomberg News:
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The head of the world’s most populous nation faces a minefield in negotiations with Trump, who has signaled that India remains a potential tariff target despite a deepening partnership between the two countries.
Modi has rolled out a series of concessions to Trump in an effort to mollify the US leader and preserve his nation’s access to its largest trading partner. In the last few weeks, India has slashed tariffs on items from motorcycles to luxury cars, agreed to take planeloads of undocumented migrants and pushed to ramp up purchases of US energy.
“Prime Minister Modi knows that Trump’s priorities are deportations of illegal Indians and India’s high tariffs, so Modi has prepared for this, and he is seeking to preempt Trump’s anger over these issues,” said Lisa Curtis, a former Trump aide who directs the Indo-Pacific Security Program at the Center for a New American Security.
[T]op Trump economic aide Kevin Hassett told CNBC this week that India’s tariffs on US imports were “enormously high” and said Modi “has got a lot to talk about with the president.”

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MacDailyNews Take: Apple CEO Tim Cook during the company’s Q125 conference call with analysts, January 30, 2025:

I’m particularly keen on India. India set a December quarter record during the quarter. And we’re opening more stores there.

We’ve announced that we’re going to open four new stores there. We also — the iPhone was the top-selling model in India for the quarter. And it’s the second largest smartphone market in the world and the third largest for PCs and tablets, and so there’s a huge market. And we have very modest share in these markets, and so I think there’s lots of upside there.

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