It is reported that Vance announced that the United States and India have completed the terms of the trade negotiations.
The gist is as follows:
1. India will purchase oil, natural gas, weapons (including F-35), small modular nuclear reactors, and large nuclear equipment from the United States.
2. A target has been set to push US-India trade volume to $500 billion per year by 2030.
3. Joint production of critical ammunition and equipment will be carried out.
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1. US-India trade situation in 2024:
US exports to India: $41.8 billion (an increase of 3.4% compared to 2023).
US imports from India: $87.4 billion (an increase of 4.5% compared to 2023).
Total trade volume: $129.2 billion. The US had a trade deficit of $45.6 billion, an increase of 5.4% compared to 2023.
2. Trump's reciprocal tariff on India in 2024 was 26%.
Original article: https://www.toutiao.com/article/1830173628775500/
Disclaimer: This article only represents the author's personal views.