💨 Abstract

President Trump claimed India offered to remove tariffs on U.S. goods as part of a potential trade deal, but India's foreign minister quickly stated that negotiations are ongoing and complex. Trump has long criticized India's high tariffs and non-tariff barriers, which hinder U.S. exports. If agreed, a zero-tariff policy would benefit U.S. businesses seeking to enter India's large market. Meanwhile, the U.S. faces a significant trade deficit with India.

Courtesy: wtop.com