empty
 
 

2025.11.1104:00:29UTC+00US and India Close to a Trade Deal, Trump Says

In a statement delivered on Tuesday, U.S. President Donald Trump suggested that progress is being made towards a trade agreement with India. Trump indicated that the United States is nearing a point where it will lower tariffs on Indian imports, as reported by the Economic Times. These remarks came during the swearing-in ceremony of Sergio Gor as the new Ambassador to India. "We are negotiating a deal with India, which is significantly different from our previous arrangements. We're ensuring a fair agreement for all parties involved," Trump stated.

Later, when addressing journalists in the Oval Office, Trump was questioned about the status of the trade agreement with India and the possibility of reducing tariffs on Indian products. He remarked, "Currently, the tariffs on India are high, primarily due to issues related to Russian oil. However, India has significantly cut back on these oil imports, allowing us to consider reducing tariffs. At some point, we certainly intend to lower them," he concluded.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback