DOHA: US President Donald Trump said today that India had offered the US a trade deal that proposed “no tariffs”.
New Delhi is seeking to clinch a trade deal with the US within the 90-day pause announced by Trump on April 9 on tariff hikes for major trading partners, which had included a 26% tariff 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.
The US is India’s largest trading partner, with bilateral trade totalling some US$129 billion in 2024.
The trade balance is currently in favour of India, which runs a US$45.7 billion surplus with the US.