US President Donald Trump has reiterated that India is prepared to eliminate 100% tariffs on American goods, claiming a trade deal is on the horizon.
In an interview with Fox News, Trump said, “That’ll come soon. I’m in no rush,” emphasizing that although many countries are seeking trade deals with the US, his administration is proceeding selectively.
Trump once again described India as “one of the highest tariff nations in the world,” citing difficulties in doing business there. He maintained that progress is being made, but signaled he was willing to wait for a favorable outcome.
Responding to Trump’s remarks, India’s External Affairs Minister S. Jaishankar clarified that while trade negotiations are ongoing, any agreement must be mutually beneficial. “It has to work for both countries,” he said, underlining that no deal is final until all details are resolved.
Currently, Commerce Minister Piyush Goyal is in Washington, leading the Indian delegation in talks with US officials, including Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer.
India is seeking reduced tariffs on major export items such as textiles, gems and jewellery, leather products, chemicals, shrimp, bananas, and plastics. Meanwhile, the US is pushing for lower duties on electric vehicles and other high-value imports.
Both sides continue to negotiate in hopes of reaching a balanced agreement that enhances bilateral trade while protecting domestic interests.
