The US president claimed India had offered the US a ‘zero-tariff’ trade deal. This follows his earlier remarks on April 30, when he said that talks with India on tariff issues were “going great”
read more
President Donald Trump claimed Thursday (May 15) that India had offered the US a ‘zero-tariff’ trade deal, reported Reuters.
While speaking in Doha, Trump said, “India offered US a deal, basically zero tariffs.” Trump is visiting Qatar as part of his three-nation West Asia tour.
Trump’s latest comments follow his earlier remarks on April 30, when he said that talks with India on tariff issues were “going great” and expressed confidence in reaching a final deal soon. Speaking at an event in Michigan, he noted, “India tariff talks are going great, think we’ll have a deal soon.”
Washington and New Delhi have been engaged in a flurry of ongoing high-level trade negotiations to resolve tariff and market access issues.
According to a report by Reuters on May 9, India had proposed to reduce its average tariff differential with the US from around 13 per cent to under 4 per cent—a 9-percentage-point drop. This would be among the most comprehensive moves by India to align its trade policies with major global partners.
(More to follow)
