India and the U.S. aim to negotiate a trade deal by autumn 2025, with India focusing on increasing energy purchases from the U.S. to reduce the U.S. trade deficit.
The U.S. cleared the extradition of Tahawwur Rana, linked to the 2008 Mumbai attacks. Details of his surrender are being worked out.
The two countries aim to more than double bilateral trade to $500 billion by 2030 as part of ‘Mission 500’.
President Trump criticized India's "unfair tariffs" and called them a problem, with talks to address the trade deficit through U.S. oil and gas exports.
India is expected to increase energy purchases from the U.S. from $15 billion to $25 billion.
They also agreed on nuclear cooperation, including Small Modular Reactors.
The U.S. and India launched the “Transforming the Relationship Utilising Strategic Technology” (TRUST) initiative to strengthen cooperation on critical and emerging technologies, replacing an earlier framework with the Biden administration.
The two countries reiterated support for the Quad and plan to work on initiatives under IMEC (India-Middle East-Europe Corridor) and I2U2 (India, Israel, U.S., UAE).
Trump offered India the advanced F-35 fifth-generation fighter jet, although the formal procurement process has not yet begun.
New initiatives were launched, including:
COMPACT (Catalysing Opportunities for Military Partnership, Accelerated Commerce and Technology for the 21st Century” )
ASIA (Autonomous Systems Industry Alliance)
The U.S. and India agreed to review their arms transfer regulations (including International Traffic in Arms Regulations (ITAR)) to streamline defense trade and technology exchanges.
Negotiations will begin for a Reciprocal Defense Procurement (RDP) agreement to align procurement systems and facilitate reciprocal defense supplies.
Both sides agreed to address illegal migration and streamline legal mobility for students, professionals, and tourists.
Modi emphasized fighting human trafficking.
President Trump is expected to visit India later in the year for the Quad Summit.
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