Trump Says Trade Deal With India Is Likely Despite New Tariff Proposal
President Trump stated that a trade agreement with India remains possible after U.S. officials proposed additional tariffs on Indian exports. The proposal targets concerns over forced labor and would add 12.5 percent to duties on goods shipped to the United States.
livemint.comHe spoke to reporters in the Oval Office on Thursday after a U.S. delegation completed several days of talks in Delhi. "We'll get to a deal, because I like your prime minister a lot," Trump said. "He's a good friend of mine. The measure would impose an additional 12.5 percent tariff on Indian exports to the United States.
India's commerce ministry said the tariffs are not yet final and that the U.S. Trade Representative will accept public comments before any decision. Officials added that talks on a broader trade agreement are continuing.
India was among the first countries to begin trade talks with the United States last year. The two sides reached a framework for an interim deal in February, but a final agreement has not been reached. Trump also repeated earlier criticism of India's trade policies, saying the country had charged the United States high tariffs for years.
He noted that tariffs on some Indian goods had been reduced to 10 percent after an earlier U.S. Supreme Court ruling.
