Trump Hints at Major Trade Deal Between India and the U.S.

Trump's Bold Claim on Trade Deal

Donald Trump has provided significant insights regarding the ongoing trade negotiations between India and the United States. He stated that India is prepared to eliminate all tariffs on goods imported from the U.S., indicating that a deal between New Delhi and Washington is imminent. In an interview with a media outlet, Trump mentioned, "Did you know they are ready to cut their tariffs by 100% for America?" He emphasized that he is not in a rush to finalize any agreement with India.

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Trump's Assertions on Trade Deal

In a recent interview, Trump reiterated his claim that India is willing to reduce tariffs on American products by 100%. He expressed confidence that a trade agreement between the two nations would soon be reached. However, he also mentioned that he is not in a hurry to finalize the proposed deal. The U.S. President has consistently asserted that India is offering to lower all tariffs on American goods. In response, India's External Affairs Minister S. Jaishankar stated that any trade agreement must be mutually beneficial.

No Rush

Trump characterized India as one of the countries with the highest tariffs globally, making trade nearly impossible. He stated, "Did you know they are ready to cut their tariffs by 100% for America?" When asked about the timeline for an agreement with India, he replied that it would happen soon but emphasized that he is not in a hurry. He noted that many countries want to negotiate deals with the U.S., including South Korea, but he is selective about which agreements to pursue.

Piyush Goyal in Washington

Negotiations are ongoing to finalize the trade agreement between India and the U.S. Jaishankar mentioned that these discussions are complex and nothing is finalized until all details are agreed upon. Any trade deal must be mutually beneficial. Currently, Commerce Minister Piyush Goyal is in Washington to assess the progress of the proposed agreement and is expected to meet with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamison Greer.