India is willing to cut 100 per cent tariffs on American goods, US President Donald Trump claimed once again while saying that a trade deal between New Delhi and Washington is coming soon.
Trump highlighted India as a country where he intends to lower trade barriers for US exports during an interview with Fox News.
“They make it almost impossible to do business. Do you know they’re willing to cut 100% of their tariffs for the United States?” Trump said.
Trump, however, said that he is not in a “rush” for the proposed trade deal.
However, reacting to Donald Trump’s claim that India has offered a trade deal with “literally zero tariffs”, External Affairs Minister S Jaishankar said in New Delhi on Thursday that “any trade deal has to be mutually beneficial”.
“Between India and the US, trade talks have been going on. These are complicated negotiations. Nothing is decided till everything is. Any trade deal has to be mutually beneficial; it has to work for both countries. That would be our expectation from the trade deal. Until that is done, any judgment on it would be premature,” S Jaishankar said.
Earlier on Friday, Trump said he is planning to set new import duty rates for trading partners “over the next two to three weeks.”
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A delegation from India, headed by Commerce and Industry Minister Piyush Goyal, is set to engage with US officials to work toward a bilateral trade agreement (BTA).
Over the course of the four-day negotiations, Goyal is anticipated to hold meetings with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick.
