US President Donald Trump has stated that the United States plans to reduce tariffs on India. He indicated that negotiations are nearing a fair trade deal. This follows discussions at the White House involving Prime Minister Narendra Modi.
In recent comments, US President Donald Trump announced intentions to lower tariffs imposed on India, signaling progress in bilateral trade talks. Speaking on the matter, Trump remarked that the US is 'getting close to a fair deal' with India, emphasizing equitable terms in their economic relationship.
The statement comes amid ongoing negotiations aimed at balancing trade practices between the two nations. Trump highlighted that tariffs would be brought down 'at some point,' suggesting a phased approach to easing restrictions. This development follows White House discussions with Indian Prime Minister Narendra Modi, focusing on strengthening ties and addressing longstanding trade imbalances.
Keywords from the report underscore the key elements: US tariffs on India, trade negotiations, and the pursuit of a fair deal. The announcement reflects broader efforts to foster mutual economic benefits, though specific timelines for tariff reductions remain unspecified.
As a major trading partner, India stands to gain from reduced barriers, potentially boosting exports in sectors like agriculture and manufacturing. However, details on the exact scope of the deal are still emerging from the negotiations.