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PM Modi, Trump announce strategic initiatives, aim for $500 billion trade by 2030

PM Modi and President Trump’s meeting at the White House covered defence, trade, technology, and energy. Both leaders aim for a $500 billion trade target by 2030, alongside key defence initiatives.

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In a pivotal meeting at the White House, Prime Minister Narendra Modi and US President Donald Trump discussed a range of issues that will shape the future of Indo-US relations, covering defence, trade, technology, and energy sectors. The high-level talks, which followed PM Modi’s visit to France, came just hours after President Trump’s announcement of new reciprocal tariffs affecting all US trading partners, including India.

Key highlights from the Modi-Trump talks:

Defence: strengthening military ties

A significant announcement from the meeting was the creation of a new 10-year framework for US-India defence cooperation. This framework will expand US platforms within the Indian defence services, including new deals for Javelin anti-tank missiles and Stryker armoured vehicles. Additionally, the US will deliver six more P8I maritime surveillance aircraft to India.

Another major development includes a review of the International Traffic in Arms Regulations (ITAR), aimed at easing technology transfers and spare part supplies between the two nations. Both countries also initiated talks for a Reciprocal Defence Procurement (RDP) agreement, which will streamline mutual defence purchases. A major breakthrough came with the US’s announcement of policy reviews for releasing fifth-generation fighter jets and underwater warfare systems to India.

The two nations also launched the Autonomous Systems Industry Alliance (ASIA), focusing on collaboration in underwater domain awareness technologies. India will be the first country to co-develop these sensitive technologies with the US.

Trade: ‘Mission 500’ and bilateral trade expansion

On the economic front, both leaders set an ambitious goal of reaching $500 billion in bilateral trade by 2030 under the initiative “Mission 500”. Key trade agreements are set to be concluded by 2025, addressing issues like the controversial reciprocal tariffs. The discussion also highlighted Indian investments in the US worth over $7.3 billion, which have supported thousands of American jobs.

However, trade talks took place against the backdrop of President Trump’s 25% tariff on global steel and aluminium imports, which could have significant implications for Indian exports.

Technology: Advancing strategic partnerships

PM Modi and President Trump also unveiled the TRUST (Transforming the Relationship Utilizing Strategic Technology) initiative, a collaboration designed to accelerate partnerships in critical and emerging technologies. A roadmap for US-India AI collaboration is expected by the end of the year, along with plans for next-generation data centres and AI processing collaborations.

Moreover, both countries are working on expanding Indian pharmaceutical manufacturing in the US, especially for essential medicines, and launching initiatives to recover rare earth minerals to support high-tech industries.

Energy: Strengthening strategic ties

The India-US Energy Security Partnership was reaffirmed, with commitments to support India’s full membership in the International Energy Agency (IEA) and to advance nuclear energy production through the India-US 123 Civil Nuclear Agreement. Plans for collaboration on small modular reactors are also in the pipeline, aiming to boost nuclear energy generation in India.

Counterterrorism and multilateral cooperation

The two leaders also discussed counterterrorism efforts, with both condemning Pakistan’s inaction against terrorist groups. A significant announcement came with the approval of the extradition of Tahawwur Rana, a key convict in the 26/11 Mumbai attacks, to India. Furthermore, both leaders reaffirmed their commitment to the Quad alliance (India, US, Japan, Australia) and laid the groundwork for the India-Middle East-Europe Corridor (IMEC).

The meeting also included discussions on new initiatives for 2025 through the I2U2 Group and the Indian Ocean Strategic Venture, which will focus on economic and security cooperation.

A new chapter in India-US relations

With an array of initiatives spanning defence, trade, technology, and energy, the meeting between PM Modi and President Trump is set to deepen bilateral ties and pave the way for greater cooperation in the years to come.

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Mojtaba Khamenei warns against expecting US policy shift after midterms

Iran’s Supreme Leader Mojtaba Khamenei has warned against expecting a change in US policy towards Tehran following the Democratic Party’s victory in the US midterm elections. He also cautioned that any renewed American attacks on Iran would widen the ongoing Middle East war.

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Iran’s Supreme Leader Mojtaba Khamenei has warned against expecting a change in US policy towards Tehran following the Democratic Party’s victory in the US midterm elections. He said those hoping that political changes in Washington would lead to a shift in America’s approach towards Iran were seriously mistaken.

His remarks came after Democrats secured control of both the US House of Representatives and the Senate, dealing a major electoral setback to President Donald Trump and his Republican Party.

In a message posted on the social media platform X on Wednesday, November 4, Khamenei said Iranians understood their position towards the United States more clearly than ever. He also said that examining the reasons behind what he described as US hostility and Iran’s resistance would provide guidance for the country’s future course.

Khamenei cautioned against viewing changes in the political balance in Washington as an indication that American policy towards Iran would become less hostile.

Khamenei Warns Of Wider Middle East War

The Iranian Supreme Leader also warned that the ongoing Middle East war could expand further if the United States resumed its attacks on Iran.

“Should such aggressions be repeated, its (the war) scope will become much wider,” he said.

His warning comes amid continuing tensions between Washington and Tehran, with the conflict involving the two countries remaining a major issue in US politics.

Democrats Take Control Of Both Houses Of Congress

The Democratic Party secured control of both chambers of the US Congress in the midterm elections, marking a significant setback for Trump’s Republicans.

The party benefited from public dissatisfaction with Trump and gained greater power to scrutinise and challenge his administration during the final two years of his presidency.

Trump, meanwhile, struck a conciliatory tone in an interview with The New York Times, saying he was “absolutely willing to accept those results” and was prepared to work with Democrats.

Iran War Emerged As A Key Election Issue

The war involving Iran was among the major issues during the US midterm election campaign.

Democratic candidates criticised Trump over the conflict and linked it to economic difficulties that had contributed to frustration among voters across the country.

Khamenei’s remarks, however, indicated that Tehran does not expect the change in congressional control to result in a fundamental shift in Washington’s approach towards Iran.

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Trump says Republicans would have won US midterms if he was on ballot

US President Donald Trump claimed Republicans would have won the 2026 midterm elections in a landslide if he had been on the ballot, as Democrats made significant gains in key congressional contests.

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US President Donald Trump has reacted to the Republican Party’s setbacks in the 2026 US midterm elections, claiming that the party would have secured a landslide victory if he had been on the ballot.

Trump made the remark as Democrats registered significant gains in congressional contests, putting Republican control of Congress under pressure.

The November 3 midterm elections were widely seen as an important test of Trump’s presidency, with all 435 seats in the House of Representatives and 35 Senate seats up for election.

According to Trump’s assessment, his presence on the ballot would have changed the outcome for Republicans.

The President’s remarks came after Democrats made significant advances in several closely watched races, challenging Republican control of both chambers of Congress.

Democrats make gains in key congressional races

The election results indicated a strong performance by Democrats in several important contests.

In the Senate, Democrats flipped multiple Republican-held seats, including victories in Texas, South Carolina and Ohio. In the House of Representatives, Democratic candidates also defeated several Republican incumbents, bringing the party closer to securing a majority.

The developments raised the possibility of Democrats taking control of both chambers, although some contests were still being counted.

A change in congressional control would have significant implications for Trump’s remaining presidential term, potentially making it more difficult for his administration to advance its legislative agenda.

Why the 2026 US midterm elections matter

The US midterm elections take place halfway through a president’s four-year term. Unlike presidential elections, voters elect members of Congress, including representatives and a portion of the Senate.

The elections are particularly important because the party controlling Congress has considerable influence over legislation, government spending and oversight of the administration.

For Trump, the 2026 elections were a major political test as Republicans sought to maintain their congressional majorities.

Democratic gains could change the political balance in Washington during the final two years of his presidency.

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Trump approval rating near record low at 32% ahead of US midterms

US President Donald Trump’s approval rating remained at 32% ahead of the congressional midterm elections, just above his record-low reading of 31% recorded two weeks earlier, according to a nationwide poll.

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US President Donald Trump’s approval rating remained close to its lowest level ahead of Tuesday’s congressional midterm elections, with a nationwide poll indicating that a significant section of American voters viewed their ballots as an opportunity to express opposition to the Republican leader.

According to the latest poll completed on Monday, November 2, only 32% of respondents approved of the job Trump was doing as President. The figure was unchanged from the previous week and just one percentage point above his record-low reading of 31%, recorded two weeks earlier.

The findings come as Republicans seek to retain their majorities in Congress, with all 435 seats in the House of Representatives up for grabs and several closely contested races expected to shape the Senate.

Although Trump himself is not on the ballot, his presidency has emerged as a significant factor in the midterm elections.

Democrats lead Republicans in nationwide congressional preference

The poll found that Democrats held an eight-percentage-point advantage over Republicans when respondents were asked which party they preferred to see in charge of Congress.

Around 46% of respondents favoured Democrats, compared with 38% who preferred Republicans.

However, the Democratic lead was narrower than the 11-percentage-point advantage recorded in a similar poll conducted a week earlier.

The so-called generic ballot question provides an overall indication of voters’ preferences between the two parties for control of Congress. However, it does not account for differences between individual states and congressional districts, which ultimately determine the composition of the House and Senate.

Political strategists from both parties believe Democrats have a stronger opportunity to take control of the House of Representatives. Their prospects in the Senate are considered more difficult, with the party facing challenges in states including Alaska and Michigan.

Half of independent voters see their vote as opposition to Trump

The survey also highlighted the extent to which Trump is influencing voters’ decisions despite not contesting the election himself.

Among registered independent voters, 50% said they viewed their congressional vote as a vote against Trump.

In comparison, 13% said their vote was in support of the President, while 33% said Trump was not a factor in their voting decision.

These findings indicate that voters’ views of the President are an important consideration for a section of the electorate heading into the congressional elections.

Rising cost of living emerges as a major election issue

Economic concerns, particularly the rising cost of living, featured prominently in the poll.

Around 78% of respondents said the cost of living would be either a very important or the most important issue in determining their voting decisions.

When asked which party was better equipped to handle the issue, 43% chose Democrats, compared with 32% who favoured Republicans.

The poll also pointed to concerns over rising fuel prices following the US military campaign against Iran, which began in February.

The increase in fuel prices has added to the economic challenges facing the Trump administration ahead of the elections.

Democrats report greater enthusiasm about voting

The survey also found a difference in voting enthusiasm between supporters of the two major political parties.

Around 49% of Democratic voters said they were very enthusiastic about voting in the midterm elections.

Among Republican voters, the corresponding figure stood at 33%.

The difference in enthusiasm is an important factor for both parties as they seek to mobilise their supporters and secure votes across the country.

The latest poll surveyed 1,765 US adults online and had a margin of error of two percentage points.

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