Trump extends olive branch to India, Modi accepts the gesture

In a significant development, US President Donald Trump extended a hand of reconciliation towards India on Friday, following a series of diplomatic exchanges that seemed to have put a strain on the bilateral relationship.

During a press briefing, Trump expressed his displeasure with India's current actions but assured there's nothing to worry about. He mentioned imposing a 50% tariff on India due to its oil purchases from Russia, a move that affected an estimated annual $60 billion worth of Indian exports to the US, primarily labor-intensive goods.

However, Trump's tone towards India appeared to soften when he called Prime Minister Narendra Modi his friend and described the relationship between India and the US as very positive and forward-looking. He emphasized the special ties between the two nations, reiterating this sentiment in a tweet dated September 6, 2025.

Modi reciprocated Trump's sentiments and positive assessment of ties, posting a positive response on platform 'X' on Saturday. The two leaders have a Comprehensive and Global Strategic Partnership, a testament to the depth of their relationship.

The US postponed the scheduled visit to India of its negotiating team for the India-US bilateral trade agreement talks on August 25. India is now waiting for the US to propose new dates for the trade talks, with a focus on addressing the 50% tariffs.

The current developments of Gujarat Gas, HFCL, ACME Solar Holdings, and PG Electroplast stocks show varying trends influenced by market conditions and sector performance. Future outlooks may benefit from strengthened India-US relations, especially in energy, infrastructure, and technology sectors, as highlighted during President Trump's announcements fostering bilateral cooperation and investment opportunities.

Notably, US Commerce Secretary Howard Lutnick criticized India for refusing market access to American goods and buying oil from Russia on Friday. However, the article does not provide information about the outlook or direction of the stocks mentioned.

As the two nations navigate through this period of diplomatic turbulence, the future of their relationship remains uncertain. Yet, the spirit of friendship and cooperation between Modi and Trump offers a glimmer of hope for a brighter future.