Trump is praising the trade agreement with India, said – this deal will increase coal exports
New York/Washington. US President Donald Trump described the trade agreement with India as “historic” and said that the US will increase exports of coal to this country and other countries with which it has signed trade agreements. “And under our leadership, we are becoming a huge energy exporter,” Trump said Wednesday during an event titled ‘Champion of Coal.’
In the last few months alone, we have signed historic trade agreements with Japan, Korea, India and others to increase our coal exports,” he said.We are now exporting coal across the world and the quality of our coal is considered to be the finest in the world.”
The US and India announced last week that they have reached the framework of an interim agreement on trade under which New Delhi will eliminate or reduce tariffs on a wide range of all US industrial goods, food and agricultural products and purchase US$500 billion of US products over the next five years. A joint statement issued by the two countries on Friday said they had agreed to a framework for “mutually beneficial trade”.
According to the joint statement, India “intends to purchase $500 billion of US energy products, aircraft and aircraft components, precious metals, technology products, and coking coal over the next five years.” It said the framework reaffirms both countries’ commitment to comprehensive US-India Bilateral Trade Agreement (BTA) negotiations. These talks were started by US President Donald Trump and Prime Minister Narendra Modi on February 13, 2025.
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