The Fort Worth Press - India's Modi meets Trump, Musk as tariff pressure

USD -
AED 3.673007
AFN 64.99933
ALL 81.338497
AMD 361.490065
ANG 1.789785
AOA 916.99986
ARS 1512.990698
AUD 1.445264
AWG 1.80125
AZN 1.703157
BAM 1.743363
BBD 2.013184
BDT 122.946509
BGN 1.747831
BHD 0.377586
BIF 2996
BMD 1
BND 1.281883
BOB 11.71977
BRL 5.073398
BSD 0.999594
BTN 94.961938
BWP 13.742418
BYN 3.017057
BYR 19600
BZD 2.010313
CAD 1.41832
CDF 2312.521651
CHF 0.82692
CLF 0.024962
CLP 982.450274
CNY 6.69275
CNH 6.690097
COP 3178.8
CRC 454.960757
CUC 1
CUP 23.989731
CVE 98.287665
CZK 21.705298
DJF 177.719735
DKK 6.66324
DOP 61.28243
DZD 134.428612
EGP 53.427702
ERN 15
ETB 163.269377
EUR 0.891199
FJD 2.262981
FKP 0.76043
GBP 0.753175
GEL 2.589926
GGP 0.76043
GHS 11.629742
GIP 0.76043
GMD 73.999951
GNF 8793.432336
GTQ 7.636425
GYD 209.06352
HKD 7.84765
HNL 26.837693
HRK 6.716803
HTG 130.889189
HUF 324.139865
IDR 17933
ILS 3.103975
IMP 0.76043
INR 94.743151
IQD 1514.36683
IRR 1790499.999677
ISK 121.410038
JEP 0.76043
JMD 158.941401
JOD 0.709025
JPY 158.071499
KES 129.980171
KGS 87.450077
KHR 4059.311949
KMF 441.999947
KPW 899.999961
KRW 1341.750075
KWD 0.31096
KYD 0.832995
KZT 453.004595
LAK 22483.097342
LBP 89509.87864
LKR 330.880551
LRD 170.423094
LSL 16.517836
LTL 2.95274
LVL 0.60489
LYD 6.421479
MAD 9.795696
MDL 17.962214
MGA 4502.324255
MKD 54.950394
MMK 2099.444361
MNT 3596.720368
MOP 8.079529
MRU 40.052235
MUR 47.297406
MVR 15.450063
MWK 1732.925677
MXN 18.38219
MYR 4.0843
MZN 63.909799
NAD 16.51791
NGN 1329.720224
NIO 36.787121
NOK 9.46899
NPR 151.938745
NZD 1.78077
OMR 0.384501
PAB 0.999586
PEN 3.438455
PGK 4.537108
PHP 63.056502
PKR 276.703496
PLN 3.89185
PYG 5692.357747
QAR 3.643608
RON 4.754896
RSD 104.672029
RUB 83.871623
RWF 1474.878661
SAR 3.783194
SBD 8.064647
SCR 14.00197
SDG 601.494334
SEK 9.94988
SGD 1.281985
SHP 0.754745
SLE 24.680145
SLL 20969.504398
SOS 571.283404
SRD 37.641501
STD 20697.981008
STN 21.838829
SVC 8.746189
SYP 13001.999685
SZL 16.511864
THB 33.512002
TJS 9.210912
TMT 3.51
TND 3.001547
TOP 2.40776
TRY 49.417596
TTD 6.784239
TWD 32.348702
TZS 2640.003002
UAH 44.837859
UGX 4022.801521
UYU 40.200736
UZS 11955.039354
VES 878.023598
VND 25873
VUV 119.689611
WST 2.781623
XAF 584.588125
XAG 0.017527
XAU 0.000240744285
XCD 2.70255
XCG 1.801465
XDR 0.707052
XOF 584.588125
XPF 106.304652
YER 236.150558
ZAR 16.50637
ZMK 9001.193742
ZMW 19.915944
ZWL 321.999592
SSP 5773.824733
MXV 2.075654
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

India's Modi meets Trump, Musk as tariff pressure
India's Modi meets Trump, Musk as tariff pressure / Photo: © AFP

India's Modi meets Trump, Musk as tariff pressure

India's Prime Minister Narendra Modi met Donald Trump and Elon Musk in Washington Thursday, with the US president pressing the leader of the world's most populous nation on tariffs and trade.

Text size:

Modi's visit to the US capital started with a headline-grabbing encounter with billionaire tycoon Musk, who has launched an aggressive effort as Trump's right-hand man to overhaul the federal bureaucracy.

The Indian premier posted pictures of himself shaking hands with the beaming SpaceX and Tesla tycoon in front of US and Indian flags, with several of Musk's children watching.

During the "very good" meeting Modi said they had discussed issues including his own plans for reform, and Musk's interests in "space, mobility, technology and innovation."

Modi then arrived for talks at the White House, hoping to rekindle the bromance he established with Trump in the US president's first term.

But Trump, who has launched his second presidency with a global trade war and announced reciprocal tariffs on all countries hours before Modi's visit, had a warning.

"India, traditionally, is the highest, just about the highest tariff country. They charge more tariffs than any other country. And I mean, we'll be talking about that," Trump told reporters in the Oval Office.

"India is a very hard place to do business because of the tariffs."

White House officials said Trump and Modi would be aiming for a "fair" trade deal between their countries -- a long-sought goal -- this year, as well as a new defense partnership and military sales.

"There's a lot of natural warmth dating back to President Trump's first term," a senior Trump administration official said.

But the official said that while there was "early body language from the government of India that has been well received," they were "modest steps" and there remained "a lot more work to do."

- Concessions -

So far Modi has offered quick tariff concessions ahead of his visit, with New Delhi slashing duties on high-end motorcycles -- a boost to Harley-Davidson, the iconic US manufacturer whose struggles in India have irked Trump.

India has already accepted a US military flight carrying 100 shackled migrants last week as part of Trump's immigration overhaul, and New Delhi has vowed its own "strong crackdown" on illegal migration.

For nearly three decades, US presidents from both parties have prioritized building ties with India, seeing a natural partner against a rising China.

But Trump has also raged against India over trade, the biggest foreign policy preoccupation of his new term, in the past calling the world's fifth-largest economy the "biggest tariff abuser."

Former property tycoon Trump has unapologetically weaponized tariffs against friends and foes since his return.

Modi "has prepared for this, and he is seeking to preempt Trump's anger," said Lisa Curtis, the National Security Council director on South Asia during Trump's first term.

One thing Modi is set to avoid, however, is official US scrutiny of his record on the rights of Muslims and other minorities. Trump is unlikely to highlight an issue on which former president Joe Biden's administration offered gentle critiques.

Modi is the fourth world leader to visit Trump since his return, following the prime ministers of Israel and Japan, and the king of Jordan.

The Indian prime minister assiduously courted Trump during his first term.

The two share much in common, with both campaigning on promises to promote majority communities over minorities and both doggedly quashing dissent.

In 2020, Modi invited Trump before a cheering crowd of more than 100,000 people to inaugurate the world's largest cricket stadium in his home state of Gujarat.

Trump could visit India later this year for a summit of the Quad -- a four-way grouping of Australia, India, Japan and the United States.

burs-dk/bgs

L.Coleman--TFWP