India-US trade deal: US President Donald Trump on Thursday claimed that India made a proposal for a business agreement with “no tariffs” or ‘zero tariff “. Trump said that India has proposed to end import duties on American products. Trump said that Indian authorities have made a proposal which would essentially remove all import taxes on American goods.The Government of India aims to secure a trade agreement with the US during the 90-day suspension declared by Trump on 9 April, which is about tariff growth for important trading partners, which included 26% of the duty on India.According to a Reuters report, Trump said in a meeting with officials in Doha, “It is very difficult to sell it in India, and they are giving us a deal, where basically they are not really ready to do us no tariff.”The United States maintains its position as a primary trading partner of India, the total bilateral trade has reached around $ 129 billion in 2024. Currently, India holds a favorable trade status, which maintains a surplus of $ 45.7 billion in its trade practice with the United States.Last week, Reuters reported that India offered to reduce its tariff difference with the US from the current 13%, aiming to exemption Trump’s current and upcoming tariff hike, according to about two sources of bilateral talks. Both nations are trying for a quick resolution.After the recent ‘success deal’ of the Trump administration with Britain, which reduced the British duties on American goods while maintaining 10% of the US baseline tariffs on British imports, a potential template for interaction with other business partners.According to two Indian government officials, New Delhi has suggested the removal of duties on 60% tariff lines in the first phase of the dialogue, as reported to Reuters.
