Trump says India willing to charge 'no tariffs' on US goods

9 hours ago 12

US President Donald Trump has said that India has offered to driblet each tariffs connected goods imported from his country.

The Indian authorities has "offered america a woody wherever fundamentally they are consenting to virtually complaint america nary tariff", Trump said astatine an lawsuit successful Doha.

India and the US are presently successful talks to negociate a commercialized agreement.

Delhi has not commented yet connected the remarks. The BBC has reached retired to India's commerce ministry for comment.

No further details regarding the purported woody person been made nationalist yet.

Trump was speaking astatine an lawsuit with concern leaders successful Doha wherever helium announced a bid of deals betwixt the US and Qatar, including for Boeing jets.

According to Bloomberg, the US president besides said helium had told Apple CEO Tim Cook not to grow accumulation successful India.

"I said I don't privation you gathering successful India," Bloomberg quoted Trump arsenic saying astir a speech helium said helium had with Mr Cook. He added that Apple would beryllium "upping their accumulation successful the United States".

In an net telephone earlier this month, Apple had said it was shifting production of astir iPhones from China to India portion Vietnam would beryllium a large accumulation hub for items specified arsenic iPads and Apple watches.

President Trump slapped tariffs of up to 27% connected Indian goods successful April. Delhi is rushing to negociate a commercialized woody during Trump's 90-day intermission connected higher tariffs, which ends connected 9 July.

The US was until precocious India's biggest trading partner, with bilateral commercialized amounting to $190bn (£143bn).

Delhi has already lowered tariffs connected Bourbon whiskey, motorcycles and immoderate different US products, but the US has a $45bn commercialized shortage with India, which Trump wants to reduce.

"As Trump ever blamed India's precocious tariffs for the commercialized deficit, India could connection to marque 90% of US exports tariff-free from time one, utilizing a "zero-for-zero" attack - cutting tariffs connected each goods but autos and agriculture. But the woody indispensable guarantee strict reciprocity, with some sides eliminating tariffs equally," says Ajay Srivastava, a Delhi-based commercialized expert.

Trump and Modi person acceptable a people to much than treble commercialized to $500bn, but Delhi is improbable to connection concessions successful sectors specified arsenic agriculture wherever determination are deeper governmental sensitivities involved.

India has precocious shown much openness to doing commercialized deals aft years of scepticism.

Last week, it inked a commercialized pact with the UK that volition substantially slash duties successful galore protected sectors similar whisky and automobiles.

India besides signed a $100bn escaped commercialized agreement with the European Free Trade Association (EFTA) past twelvemonth - a radical of 4 European countries that are not members of the European Union - aft astir 16 years of negotiations.

EU and India are besides pushing to get a escaped commercialized statement done this year.

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