Donald Trump became the President of America, Prime Minister Narendra Modi congratulated on phone
Washington. Donald Trump has become the new boss of America. Relations between India and Donald Trump are very good. Both Trump and Modi call each other good friends. Trump’s decisions are also favorable for India. His becoming President will also affect the business of India and America under Donald Trump’s government. Defense relations with both the countries can also become stronger.
He has become the second American leader to become President again after losing the election, before him Grover Cleveland won the election again in 1892 after losing the election in 1888. Indian Prime Minister Narendra Modi congratulated Trump on this historic victory over the phone and expressed his desire to work together once again. PM Modi gave information about this conversation on social media platform X (formerly Twitter), in which he expressed his resolve to strengthen India-US relations.
PM Modi wrote in a post on We look forward to working together again to strengthen this.”
Donald Trump’s victory is being watched with great eagerness at the international level. Many countries including India and Britain have congratulated him on this victory. With Trump’s return, many countries are expecting a strategic partnership and a new approach on global issues. Relations between India and America have gained new strength in the last few years. Cooperation between the two countries is increasing in areas like defence, trade, health, and energy. Even during Trump’s previous tenure, many major changes were seen in India-US relations, and now once again positive steps are expected to be taken in this direction.
impact on business
America is India’s largest trading partner. India’s annual trade with America is more than 190 billion dollars. Founder of Global Trade Research Initiative (GTRI) Ajay Srivastava said that after China, Trump can now impose tariffs on India and other countries also. Trump first imposed big tariffs on India. Abuser and in October 2020, India was called the tariff king. He said these comments suggest that Trump’s second term could bring tough trade negotiations. Srivastava said his America First agenda will likely emphasize protective measures, such as reciprocal tariffs on Indian goods, which could potentially include automobiles, liquor, This could increase barriers to major Indian exports like textiles and pharma. This increase could make Indian products less competitive in the US, which could impact revenues in these sectors.
However, he said that America’s tough stance towards China could create new opportunities for Indian exporters. Bilateral trade in goods between the two countries stood at $ 120 billion in 2023-24, while it was $ 129.4 billion in 2022-23. International trade expert Biswajit Dhar said that Trump will increase tariffs in various sectors as he has to follow his call of MAGA (Make America Great Again).
impact on electronic sector
Dhar said, this may have an impact on sectors like electronics. He said that as Trump has already pulled out of the Trans-Pacific Partnership (TPP), dark clouds may hang over IPEF (Indo-Pacific Economic Framework for Prosperity). Are. This block of 14 countries was launched by the US and other countries in the Indo-Pacific region on May 23, 2022 in Tokyo. Federation of Indian Export Organizations (FIEO) Director General Ajay Sahay said, we can expect Trump to press for more balanced trade. But trade disputes may arise over tariffs. Sahay said that given the growing trend of protectionism, this trend will continue with stricter immigration rules.
Source : palpalindia
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