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President Donald Trump on Tuesday announced that India has agreed to remove all its tariffs on US goods entering the country.
The president made the announcement during a joint press conference with Canadian Prime Minister Mark Carney. While addressing reporters, Trump noted that India has “the highest tariffs in the world” and that its government “agreed already to drop it.”
They’lldropittonothing.They’vealreadyagreed.Theywouldhaveneverdonethatforanybodyelsebutme.Sowe’regoingtoputdownsomenumbers,andwe’regoingtosay,‘Ourcountryisopenforbusiness,’andthey’regoingtocomein,andthey’regoingtopay.
Trumpdidnotgointothedetailsofthenewtradedeal,butitseemsclearthetwopartieswillhaveanotherannouncementsoon.Lastmonth,Trumpannounceda90-daypauseonthetariffsheannouncedatthebeginningofApril.Now,eachcountry’stariffsaresetattenpercent.However,thetariffsTrumpimposedonChinaremainthesame.
ItappearstheremaybemoredealsinthefutureasUSTreasurySecretaryScottBessent’steamcommunicateswithothertradingpartners.FromN
