He stated that President Trump aims to rebalance trade not just for India but also to pursue a stronger future with U.S. allies. Vance sees the agreement as helping create deeper, sustained collaboration among nations in energy, defense, and technology, which will be mutually beneficial to the U.S. and India.

The US said it’s made “significant progress” toward a bilateral trade deal following talks between Vice President JD Vance and Indian Prime Minister Narendra Modi on Monday, laying down a roadmap for further discussions that New Delhi hopes may shield it from additional tariff hikes.