US President Trump hails trade deal with India as 'historic'
New York/Washington (PTI): US President Donald Trump has hailed the trade deal with India as “historic” and said America will increase its coal exports dramatically to the country and to others with which it has trade agreements.
“And under our leadership, we're becoming a massive energy exporter. In just the past few months, we've made historic trade deals with Japan, Korea, India and others to increase our coal exports dramatically,” Trump said Wednesday during an event titled ‘Champion of Coal’.
"We're now exporting coal all over the world, and the quality of our coal is supposed to be...the finest anywhere in the world,” he said.
Last week, the US and India announced they have reached a framework for an interim agreement on trade, under which New Delhi will eliminate or reduce tariffs on all American industrial goods, a wide range of food and agricultural products, as well as purchase USD 500 billion of US products over the next five years.
A joint statement issued by the two countries on Friday said they have reached a framework "regarding reciprocal and mutually beneficial trade.”
It said that India “intends to purchase USD 500 billion of US energy products, aircraft and aircraft parts, precious metals, technology products, and coking coal over the next five years.”
It added that the framework reaffirms the countries’ commitment to the broader US-India Bilateral Trade Agreement (BTA) negotiations, launched by President Trump and Prime Minister Narendra Modi on February 13, 2025, which will include additional market access commitments and support more resilient supply chains.
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French President Macron concludes Mumbai visit
Mumbai (PTI): French President Emmanuel Macron, along with First Lady Brigitte Macron, left Mumbai for New Delhi on Wednesday after concluding his engagements here, including bilateral talks with Prime Minister Narendra Modi.
They were seen off at Chhatrapati Shivaji Maharaj International Airport by Maharashtra Governor Acharya Devvrat, Chief Minister Devendra Fadnavis and Deputy CM Eknath Shinde.
On Tuesday, Macron held discussions with Modi as part of efforts to further strengthen India-France strategic ties.
During the Mumbai visit, the French president and his wife also met some of India's top filmmakers and actors, and had an animated exchange with them about cinema, culture and collaboration.
President Macron is on an official visit to India from February 17 to 19 at the invitation of PM Modi to participate in the AI Impact Summit hosted by India in the national capital Delhi, besides the bilateral summit in Mumbai.
PM Modi will inaugurate the summit on February 19. As many as 20 heads of states, including French President Macron, will be present at the inaugural session, Electronics and IT Secretary S Krishnan said.
