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On trade, Trump tells Modi: Want relationship that is 'fair and reciprocal'

File photo. Photograph: (Reuters)

WION Web Team New Delhi, Delhi, India Jun 27, 2017, 02.54 AM (IST)

While Indian Prime Minister Narendra Modi and US President Donald Trump seemed very much on the same page when it came to terrorism -- "We will destroy radical Islamic terrorism," Trump said -- Trump's feelings about trade with India very more muted. 

Trump said he would like a trading relationship with India that is "fair and reciprocal."

Trump added that he sees a need for more balance in the India-US trade relationship. 

Last year the US trade deficit with India neared $31 billion. A trade deficit is the amount by which the cost of a country's imports exceeds the value of its exports. 

"It is important that barriers be removed to the export of US goods into your markets and that we reduce our trade deficit with your country," he said.

Trump added that he was pleased about an Indian airline’s recent order of 100 new American planes and that the United States looked forward to exporting more energy, including major long-term contracts to purchase American natural gas.

Trump said the energy contracts "are being negotiated and we will sign – trying to get the price up a little bit." 

(With inputs from Reuters)

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