Trump-Modi Phone Call: Focus on Strengthening Ties, Trade Issues and Russia-Ukraine War – No Tariff Cut or Oil Halt Confirmed
Washington/New Delhi: In an effort to strengthen economic and strategic relations between the United States and India, US President Donald Trump and Indian Prime Minister Narendra Modi spoke on the phone on February 2, 2026. Both governments confirmed the call. However, no new trade deal has been officially announced after the discussion.
What Was Discussed During the Call
President Trump shared details of the conversation in a post on Truth Social. He said it was an honor to speak with Prime Minister Modi and described him as a close friend, as well as a strong and respected leader.
During the call, both leaders mainly talked about trade issues and the Russia–Ukraine war. They agreed on the need to further strengthen economic cooperation and to work on resolving pending trade issues. However, they did not announce any specific decisions on tariffs, oil purchases, or trade commitments.
Current Trade Situation Between India and the US
Trade between the United States and India is currently worth around $191 billion per year. Both countries have set a goal to increase this trade to $500 billion by 2030.
There are still some long-standing trade disputes between the two countries. These include US tariffs on Indian steel and aluminum under Section 232, and India’s counter-tariffs on certain US products, such as almonds and apples. The leaders discussed ways to address these issues and increase trade, but no immediate policy changes or tariff cuts were announced.
Geopolitical Issues Discussed
President Trump and Prime Minister Modi also talked about the Russia–Ukraine conflict. However, neither side confirmed any new decisions related to energy supply or oil purchases during the call.
Reactions and Market Response
The phone call was seen positively by analysts and market participants, who believe continued communication between the two countries is good for their relationship. Financial journalist Sonia Shenoy called the call a “positive signal” in a post on X, while others highlighted the focus on trade cooperation.
So far, there has been no negative reaction or opposition. Both the White House and the Prime Minister’s Office in India officially confirmed the call, showing support for continued discussions.
What This Means Going Forward
This phone call is viewed as another step forward after earlier talks on trade and strategic matters. It shows ongoing cooperation between President Trump and Prime Minister Modi, and more discussions are expected in the coming months as both countries work to strengthen their partnership.
Mansi Sharma is a journalist covering Global Affairs, and wellness, known for turning complex ideas into sharp, engaging narratives. Her work is driven by curiosity, depth, and a constant urge to question and explore. When she’s not writing, you’ll often find her diving into new ideas—preferably with a cup of coffee in hand, one sip at a time.