Trump Hails PM Modi as 'Good Friend,' Expresses Confidence in India-US Trade Deal

US President Donald Trump has signaled a positive shift in economic relations, confirming that Washington and New Delhi are nearing a bilateral agreement.

President Donald Trump recently reaffirmed the strength of his personal rapport with Prime Minister Narendra Modi, describing the Indian leader as a "good friend" while expressing optimism regarding ongoing negotiations for a comprehensive trade deal. Speaking to reporters at the White House on June 4, 2026, the US President emphasized that the two nations are on a clear path toward finalizing a mutually beneficial arrangement.

A Shift in Economic Dynamics

During his remarks, the President addressed historical tensions regarding tariff structures, noting that for years, India had imposed significant duties on American imports. However, he suggested that the economic landscape has undergone a transformation. "Now it is the exact reverse and we are making a lot of money with India," Trump stated, highlighting that the current environment is far more favorable for US commercial interests compared to previous years.

He specifically pointed to sectors like the motorcycle industry, where high historical tariffs had previously hindered market access for companies like Harley-Davidson. By contrasting these past hurdles with the present state of affairs, the President signaled that the administrative focus has shifted toward building a more reciprocal economic partnership.

Progress on the Bilateral Front

The comments from the Oval Office coincided with the conclusion of a four-day visit by a US delegation to New Delhi. These talks, which wrapped up on June 4, focused on critical areas including customs procedures, market access, trade facilitation, and economic security. India’s Commerce Ministry characterized these sessions as being defined by pragmatism and a shared commitment to strengthening bilateral ties.

While both administrations have expressed confidence that an agreement is near, they have remained measured regarding specific timelines. The overarching goal of the proposed bilateral trade agreement, which was first initiated following discussions between the two leaders in early 2025, is ambitious: to expand total bilateral trade from $191 billion to $500 billion by 2030.

Navigating Regulatory Challenges

Despite the optimism surrounding the trade deal, the relationship faces complex regulatory hurdles. The US government recently flagged India, among several other nations, regarding concerns over the use of forced labor in supply chains. Additionally, Washington is currently reviewing temporary waivers that allow India to import Russian oil, an issue that remains a point of deliberation between the two governments as they balance national energy requirements with broader geopolitical commitments.

Nevertheless, the consistent messaging from both Washington and New Delhi suggests that leadership on both sides is prioritizing the conclusion of a deal. With both parties reaffirming their commitment to cooperation, the coming weeks are expected to be pivotal in determining the final shape of this economic partnership.