Recent developments indicate a potential shift in trade relations between the United States and India, alongside escalating concerns regarding the safety of Pakistan's nuclear arsenal.
In Doha, Qatar, former U.S. President Donald Trump stated that India has offered a trade agreement with "literally no tariffs" on American goods. Trump made these comments during a business roundtable, noting that India is "willing to literally charge us no tariff". While Trump didn't provide details, this statement comes as India seeks a trade deal with the U.S.. The Indian government has not yet released an official statement regarding this comment.
This development follows a 90-day suspension of tariff increases previously imposed by the U.S., which included a 26% duty on Indian goods. During this period, India aims to secure a trade agreement with the U.S.. According to a report by Reuters on May 9, India had proposed to reduce its average tariff differential with the U.S. from around 13% to under 4%. Under the proposed deal, India has offered to bring duties down to zero on 60% of tariff lines in the first phase and offered preferential access to nearly 90% of goods imported from the U.S.
The U.S. remains India's primary trading partner, with bilateral trade reaching approximately $129 billion in 2024.
Meanwhile, amidst rising tensions between India and Pakistan, Indian Defence Minister Rajnath Singh has voiced concerns about the safety of Pakistan's nuclear weapons. Singh has called for the International Atomic Energy Agency (IAEA) to supervise Pakistan's nuclear arsenal, stating that they are "not safe in such a rogue nation". He raised the question of whether nuclear weapons are safe in the hands of an "irresponsible and rogue nation".
Singh's comments came during his visit to Jammu and Kashmir, following India's Operation Sindoor. He also reviewed the security situation and assessed the combat readiness of Indian forces.
These concerns have been amplified by recent events, including an attack in Pahalgam and the subsequent military response. Prime Minister Narendra Modi has asserted that India will not tolerate "nuclear blackmail" by Pakistan and will respond firmly to cross-border terrorism. Modi has also outlined three principles of security doctrine: strong response to terrorist attacks, no intimidation by nuclear threats, and holding terrorist leaders and governments sheltering them accountable.
Pakistan's Prime Minister Shehbaz Sharif has responded to Modi's statements, warning against any further aggression. He accused Modi of fanning instability and said that if India attacks, Pakistan will retaliate.
The IAEA, the global nuclear watchdog, stated that there has been no radiation leak or release from any nuclear facility in Pakistan.
These developments highlight the complex and evolving dynamics in the region, encompassing trade negotiations and serious security concerns.