U.S. President Donald Trump has stated that India has offered to eliminate all tariffs on American goods, signaling a potential breakthrough in ongoing India-U.S. trade negotiations. Speaking at a business event in Doha, Trump remarked that the Indian government is “willing to literally charge us no tariff”, though he did not provide further details on the scope of the offer.
India-U.S. Trade Talks & Tariff Concessions
India and the U.S. have been engaged in high-stakes trade discussions, with Commerce Minister Piyush Goyal set to visit Washington on May 16 to continue negotiations. The talks follow recent U.S. tariff hikes on Indian steel and aluminum, prompting India to consider retaliatory duties.
Trump’s Comments on Apple’s Expansion in India
During his speech, Trump also revealed that he had discouraged Apple CEO Tim Cook from expanding production in India, urging the tech giant to increase manufacturing in the U.S. instead.
Market Reaction & Future Outlook
While India has yet to officially confirm Trump’s claim, analysts suggest that the statement could be a negotiating tactic or an indication that a zero-tariff trade deal is in the works. The Indian rupee rebounded, and the NSE Nifty 50 index rose 1.7%, reflecting investor optimism.
For more updates on India-U.S. trade relations and tariff negotiations, stay tuned!
