Trump Signals No Rush on Trade Deal With India Despite Tariff Offer
President Donald Trump recently stated that India is willing to remove all tariffs on American goods, but also signaled that he is not in a hurry to finalize a trade deal with the country.
India, the world’s fourth-largest economy, plays a crucial role as a key buyer of U.S. farm and tech products.
Trump discussed U.S.-India trade relations and the potential for increasing American exports. He highlighted challenges businesses face when trying to engage with India, saying, “They make it almost impossible to do business.” However, he added that India is ready to cut 100 percent of its tariffs on U.S. goods.
No Rush for Trade Deals
While Trump acknowledged India’s willingness to make tariff cuts, he was ambiguous about the timing of a possible trade agreement. “That’ll come soon. I’m in no rush,” Trump stated, indicating that while progress is expected, it is not a priority. He later emphasized that he does not feel the need to “make deals with everybody.”
Trump’s comments also hint at a continuation of the White House’s approach to tariffs. With a July deadline approaching for a pause on higher tariffs, Trump noted that decisions about unilateral tariffs on certain countries will still be made, suggesting that some nations may continue to face trade barriers.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
