Jaipur3 days ago
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Speaking at an event in Jaipur, Vice President JD Vance of American
The US and India have finalized the conditions for the trade deal. This is called Terms of References. US Vice President JD Vance gave this information at an event at Rajasthan International Center in Jaipur on Tuesday, 22 April today.
JD Vance said “I believe this is an important step towards realizing the vision of President Trump and Prime Minister Modi. It will prepare a roadmap for the final deal.”
Vance is on a four -day tour of India. He reached Delhi on Monday 21 January. He went to the Akshardham temple in the morning, met PM Narendra Modi in the evening. After this, he reached Jaipur at night.
Three pictures of JD Vance tour before proceeding in the news …
US Vice President JD Vance visited the family Amer Mahal on Tuesday morning.
Hathini Pushpa and Chanda welcomed the US Vice President and his family in Amer Mahal.
PM Modi gave peacock to the three children of US Vice President JD Vance.
5 big things of JD Vance …
1. Our administration seeks trade partners based on fairness and shared national interests. We want to build relationships with our foreign partners who respect our workers who do not cut their salary to promote exports.
2. We want partners who are committed to working together with the US. We need to create a global trade system that is balanced, open, stable and fair.
3. American Energy can help realize India’s nuclear power production goals. This is also necessary for the AI ambitions of India. Both America and India know that AI has no future without energy security and energy dominance.
4. I think Indo-US has three mutual goals. First- Security of your countries, second- strengthening the economy of your countries and third- to develop new technology.
5. Vance described PM Modi as a tough negotiation. He also said that when President Trump and PM Modi had announced to exceed $ 500 billion by the end of this decade in February, – I know that both take this seriously.
JD Vance gamble to the people present in the event after the speech is over.
19 chapters involved in Terms of Reference
According to media reports, there are 19 chapters in the Terms of Reference (TORS) of the proposed Bilateral Trade Agreement. This includes issues such as tariffs, goods, non-tariff barriers and customs facilities. A team of Indian officials is going to America to speed up the agreement.
The three -day talks of Indian officials will begin on Wednesday, 23 April. Additional Secretary Rajesh Aggarwal will lead this team at the Department of Commerce. Aggarwal was appointed Commerce Secretary on 18 April. He will take over from October 1.
Trump put tariff on 2 April, then gave 90 days relief
On April 2, Donald Trump announced the imposition of reciperook tariffs on around 100 countries. He had said, “Today is Liberation Day, which America had been waiting for a long time.”
However, on 9 April, he postponed the reciperochl tariff on all other countries except China for 90 days. In such a situation, India wants to do a trade agreement within 90 days.
Trump has said that if a country imposes more tariffs on American goods, then America will also increase more tariffs on things coming from that country.
India’s trade deficit with America $ 41.18 billion
India with the US in the case of goods in 2024-25 in terms of goods, ie, the difference between imports and exports was $ 41.18 billion. It was $ 35.32 billion in 2023-24, $ 27.7 billion in 2022-23, $ 32.85 billion in 2021-22 and US $ 22.73 billion in 2020-21. The US has expressed concern over the growing trade deficit.