India-US trade deal : US President Donald Trump on Thursday claimed that India had put forward a proposal for a trade agreement with "no tariffs" or ' zero tariffs ". Trump said that India has proposed eliminating import duties on American products. Trump said that Indian authorities have put forward a proposition that would essentially remove all import taxes on US merchandise.
The Indian government aims to secure a trade agreement with America during the 90-day suspension declared by Trump on April 9 regarding tariff increases for significant trading partners, which had incorporated a 26% duty on India.
"It is very hard to sell in India, and they are offering us a deal where basically they are willing to literally charge us no tariffs," Trump said in a meeting with executives in Doha, according to a Reuters report.
The United States maintains its position as India's primary trading partner, with the total bilateral trade reaching approximately $129 billion in 2024. Currently, India holds a favourable trade position, maintaining a surplus of $45.7 billion in its trade dealings with the United States.
This story is being updated
The Indian government aims to secure a trade agreement with America during the 90-day suspension declared by Trump on April 9 regarding tariff increases for significant trading partners, which had incorporated a 26% duty on India.
"It is very hard to sell in India, and they are offering us a deal where basically they are willing to literally charge us no tariffs," Trump said in a meeting with executives in Doha, according to a Reuters report.
The United States maintains its position as India's primary trading partner, with the total bilateral trade reaching approximately $129 billion in 2024. Currently, India holds a favourable trade position, maintaining a surplus of $45.7 billion in its trade dealings with the United States.
This story is being updated
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