Photo credit: www.foxnews.com
Vice President JD Vance Highlights Progress in U.S.-India Trade Relations
During a recent visit to Jaipur, India, Vice President JD Vance emphasized the strides made towards establishing a comprehensive trade agreement between the U.S. and India. Vance articulated a shared vision for a prosperous and stable 21st century, attributed to the collaboration between the Trump administration and Indian Prime Minister Narendra Modi.
In his remarks, Vance warned of the potential “dire” implications should this partnership falter, describing it as a “dark time” for the global community. He defended President Trump’s trade policies, clarifying that they are designed to rejuvenate American manufacturing rather than spark conflicts. According to Vance, the goal is to restructure international trade to benefit both nations. “America, in partnership with India, can shape a future that is advantageous for all,” he stated.
In February, President Trump and Modi declared an ambitious objective: to double bilateral trade to $500 billion by the close of the decade. Vance reiterated this commitment, stating, “Both of our governments are diligently working on a trade agreement that focuses on shared objectives, such as job creation and robust supply chains.” He expressed enthusiasm about the recent formalization of the terms of reference for trade negotiations, viewing it as a crucial step towards finalizing a comprehensive trade deal.
Reflecting on the visit, Vance shared that this trip holds personal significance as it marks a return to the birthplace of his wife, Usha Vance. He noted a warmer connection that his children have developed with Prime Minister Modi, highlighting how children’s perceptions can be uncomplicated yet telling regarding character and relationships.
Vance acknowledged Modi’s skills as a negotiator, stating, “He drives a hard bargain, which is admirable. However, we hold past American leaders accountable for not equally prioritizing American workers.” This sentiment underscores the vice president’s belief in mutual benefit through improved trade practices for both nations.
Discussion on Competitive Manufacturing
Vance also touched upon the competitive landscape of manufacturing, subtly referencing challenges posed by China. He remarked, “This audience understands that neither Americans nor Indians operate in isolation when expanding their manufacturing capabilities.” He pointed out that the competition spans beyond consumer goods into critical areas such as munitions and advanced technologies, emphasizing the urgency to keep pace.
“A stronger India will lead to enhanced economic prosperity and stability across the Indo-Pacific region, a mutual aspiration for all,” Vance continued. He cautioned that failing to work collaboratively could lead to significant consequences for global stability.
Moving Past Historical Attitudes
Highlighting historical dynamics, Vance lamented an approach in Washington that often viewed India through a lens of condescension, merely as a source of inexpensive labor. The current administration, he argued, seeks to pivot away from that mindset, foster genuine partnerships, and acknowledge India’s significance on the global stage.
Furthermore, Vance asserted that access to affordable energy is crucial for economic self-sufficiency. He mentioned abundant U.S. resources that could help India achieve its energy goals and fueled aspirations in areas like nuclear power and artificial intelligence, emphasizing that energy security is foundational to driving technological advancement.
Looking ahead, Vance affirmed America’s desire for deeper market integration with India, advocating that increased commerce would yield benefits for both nations. “We envision a thriving partnership that extends well into the future,” he concluded, reiterating the optimism surrounding U.S.-India relations.
Source
www.foxnews.com