1. U.S. Vice President JD Vance has arrived in India on a personal trip with Second Lady Usha Vance and family.

2. The two leaders praised the "significant" progress made in trade talks between the two sides.

3. On Monday, U.S. Trade Representative Jamieson Greer stated that "there is a serious lack of reciprocity in the trade relationship with India."

Indian Prime Minister Narendra Modi and U.S. Vice President JD Vance on Monday praised the "significant" progress made in trade talks between the two sides during Vance's visit to India.

Vance, who is in India on a primarily personal trip with First Lady Usha Vance and family, met Modi in New Delhi.

A statement from Modi's office said the two leaders "welcomed significant progress in the negotiations for the India-U.S. bilateral trade agreement that benefits both parties."

Vance and Modi also reviewed and positively assessed progress in many areas of bilateral cooperation, noting the "ongoing efforts" to enhance cooperation in fields such as energy, defense, and strategic technology.

The two leaders also exchanged views on various regional and global issues of mutual concern, calling for dialogue and diplomacy.

India faced a "reciprocal" tariff of 26% on April 2, before U.S. President Donald Trump postponed this tariff for 90 days on April 9, leaving a basic tariff of 10%.

On Monday, U.S. Trade Representative Jamieson Greer stated that USTR and the Ministry of Commerce and Industry of India have "finalized the terms of reference to outline a roadmap for reciprocal trade negotiations."

He added, "The trade relationship with India is seriously lacking reciprocity," but noted that "India's constructive cooperation so far has been welcomed, and I look forward to creating new opportunities for workers, farmers, and entrepreneurs in both countries."

In February, Modi and Trump agreed to double the bilateral trade volume between New Delhi and Washington to $500 billion by 2030.

According to the U.S. Trade Representative's office, the total goods trade between the U.S. and India is estimated to reach $129 billion by 2024. India's surplus with the U.S. reached $45.7 billion last year.



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