Indian Prime Minister Narendra Modi said he held a phone conversation with U.S. President Donald Trump on Thursday, as New Delhi intensifies efforts to secure relief from steep U.S. tariffs imposed on key Indian exports. The tariffs, which reach as high as 50%, were introduced by Washington to pressure India over its continued purchases of Russian oil amid the Ukraine war.
In a post on X, Modi said the two leaders reviewed progress in India-U.S. bilateral relations and discussed regional and global developments. He described the conversation as “warm and engaging,” adding that both countries would continue working together to promote global peace, stability, and prosperity. A White House official confirmed the call took place but did not provide details on the discussion.
The phone call marked the third conversation between Modi and Trump since the U.S. sharply increased tariffs on Indian goods, affecting exports such as textiles, chemicals, and food products including shrimp. The tariff hike has weighed on trade flows, with Indian exports to the U.S. falling nearly 9% year-on-year in October to $6.31 billion, according to Indian government data.
Trade negotiations between India and the United States stalled in late July after New Delhi resisted opening its agricultural market to U.S. farm products and declined to publicly acknowledge Trump’s role in mediating a previous India-Pakistan conflict. Despite the impasse, talks have continued in recent weeks. U.S. Deputy Trade Representative Rick Switzer concluded a two-day visit to New Delhi this week, holding meetings with Indian officials focused on resolving tariff disputes, although the U.S. Trade Representative’s office declined to comment.
There are signs of movement, as Indian refiners reportedly reduce purchases of Russian crude following new U.S. sanctions on energy giants Rosneft and Lukoil. Meanwhile, Russian President Vladimir Putin, who visited New Delhi last week, pledged uninterrupted fuel supplies and openly challenged U.S. pressure on India.
While U.S. officials say it remains unclear whether a trade deal can be finalized before year-end, analysts believe an agreement is likely given India’s strategic importance to the global economy. Washington continues to push for lower Indian tariffs, reduced non-tariff barriers, and broader access for U.S. agricultural exports such as soybeans and grain sorghum.


Gold Prices Drop as Trump Escalates Iran Threats, Oil Surges
Iran Tightens Grip on Strait of Hormuz as Israel Prepares Strikes and Oil Markets Spiral
U.S. Envoys Witkoff and Kushner Expected to Visit Kyiv in April Amid Stalled Peace Talks
Britain Courts Anthropic Amid US Defense Department Dispute
Strait of Hormuz Disruption Sparks Global Oil Supply Fears
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown
Iran's Stranglehold on the Strait of Hormuz: What It Means for Global Markets
U.S. Futures Drop as Trump Issues Iran Military Deadline, Oil Prices Jump
March 2025 Jobs Report: Strong Headline Numbers Hide Deeper Economic Concerns
U.S.-Iran War Escalates: Downed Fighter Jet, Stalled Ceasefire Talks, and Ground Invasion Fears
Japan Signals Readiness to Intervene as Yen Weakens Toward 160 Per Dollar
U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures
Israel Poised to Strike Iranian Energy Sites, Awaiting U.S. Approval
U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict 



