India, Sri Lanka eye deeper trade, investment collaboration
Monday, 16 December 2024 Prime Minister Modi and Sri Lankan President Dissanayake concluded a productive bilateral meeting, strengthening ties and economic cooperation. They affirmed the success of the India-Sri Lanka Free Trade Agreement and agreed to boost trade in their respective currencies. Discussions covered debt restructuring, enhanced connectivity projects, and development initiatives.
Strained U.S.-India ties are back in the spotlight as President Donald Trump praises Prime Minister Narendra Modi, calling him a “great leader” despite trade clashes. Modi responded warmly, saying he “deeply appreciates” Trump’s words and reaffirmed a forward-looking partnership with Washington. The exchange comes after the U.S. slapped 50% tariffs on Indian imports over Russian oil purchases, sparking tensions. With India strengthening ties with China and Russia at the SCO Summit, Trump is signaling he doesn’t want to lose New Delhi to rival blocs.
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Amid rising trade tensions, U.S. President Donald Trump praised Indian Prime Minister Narendra Modi as a “great prime minister” while criticizing India’s recent policies. Trump voiced frustration over India’s high tariffs and its continued purchase of Russian oil, warning of a 50% tariff hike on Indian goods. Despite the disagreements, Trump stressed that the U.S.-India partnership remains strong, calling Modi a friend while admitting “moments of tension.” His remarks follow concerns that India and Russia are aligning more closely with China, fueling geopolitical uncertainty.
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