India-US trade talks: Trump shares update, praises PM Modi — ‘We are going to…’

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US President Donald Trump expressed confidence that India and the US would strike a “good deal” under the proposed Bilateral Trade Agreement, and praised Prime Minister Narendra Modi while speaking after his Davos address.

 Chris J. Ratcliffe/Bloomberg
US President Donald Trump speaks to the media following his speech at the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 21, 2026. Photographer: Chris J. Ratcliffe/Bloomberg(Bloomberg)

US President Donald Trump on Wednesday (January 21) struck an optimistic note on the proposed India–US Bilateral Trade Agreement (BTA), saying the two countries were “going to have a good deal,” while praising Prime Minister Narendra Modi as a close friend and respected global leader.

Trump made the remarks in an interview with Moneycontrol after addressing the 56th Annual Meeting of the World Economic Forum in Davos.

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‘We are going to have a good deal’

Asked about the progress of the India–US trade negotiations, Trump expressed confidence that the talks would deliver a favourable outcome for both sides.

“I have great respect for your Prime Minister. He’s a fantastic man and a friend of mine, and we are going to have a good deal,” Trump said.

Trade talks amid economic friction

The comments come as India and the United States remain locked in tough negotiations over tariffs, and broader trade rules, with economic friction between the two sides intensifying in recent months.

Trade discussions have also been shaped by geopolitical considerations, adding complexity to the negotiations.

Ambitious trade target

The proposed Bilateral Trade Agreement, formally outlined in February following directives from leaders of both countries, aims to more than double bilateral trade to USD 500 billion by 2030 from about USD 191 billion currently.

Talks on the BTA were first announced during Prime Minister Narendra Modi’s visit to Washington in February 2025.

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