“US, India Finalised Terms For Trade Deal,” Says JD Vance, Day After Meeting PM

In a big signal amid fears of the impact of Donald Trump’s reciprocal tariffs, US Vice-President JD Vance has said his country and India have finalised terms for a trade deal. 

Speaking at an event in Jaipur on Tuesday, a day after his meeting with PM Narendra Modi, “Mr Vance said, “Our administration seeks trade partners on the basis of fairness and of shared national interests. We want to build relationships with our foreign partners who respect their workers, who do not suppress their wages to boost exports, but respect the value of their labour.”

“We want partners that are committed to working with America to build things, not just allowing themselves to become a conduit for trade and shipping others’ goods. And, finally, we want to partner with people and countries who recognise the historic nature of the moment we are in. Of the need to come together and build something completely new, a system of global trade that is balanced, one that is open and one that is stable and fair, ” he emphasised.

The Vice-President said that while the governments of US’ partners need not do things exactly the same way as the US, they need to have some common goals. These common goals with India, he said, are related to both economics and national security.