Trump says India has offered America ‘no tariffs’
CNN
President Donald Trump said on Thursday that India has offered to eliminate tariffs on the United States as part of a potential trade deal. If that comes to pass, it could represent a significant breakthrough with an increasingly important US trading partner.
President Donald Trump said on Thursday that India has offered to eliminate tariffs on the United States as part of a potential trade deal. If that comes to pass, it could represent a significant breakthrough with an increasingly important US trading partner. “India is the highest — one of the highest tariff nations in the world. It’s very hard to sell into India, and they’ve offered us a deal where, basically, they’re willing to literally charge us no tariff,” Trump said during a roundtable with business leaders in Doha, Qatar. The president said the tariff India places on US goods is “so high” that it prevents much business from taking place between the two nations. The White House has long criticized India’s high tariffs, including 70% on autos, 20% on some networking equipment, 80% on rice imports. It also has chastised India for its non-tariff trade barriers, including burdensome regulatory requirements for importers. So a zero tariff — if that’s in fact what India is offering — would be a welcome change for US companies looking to export their goods to the world’s most populous country. “(India) have actually told us, I assume you too, (Treasury Secretary) Scott (Bessent)… that there will be no tariff, right? Would you say that’s a difference? They’re the highest, and now they’re saying no tariff,” Trump said. India’s Ministry of Commerce and Industry did not immediately respond to a request for comment.
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