Trump claims India ready to slash 100% of tariffs for US

US President Donald Trump has claimed that India is prepared to eliminate its tariffs on American goods as part of a potential trade agreement with the United States.

Speaking during an appearance on Fox News, Trump has shared that although India is "one of the highest taxed or tariffed nations in the world," they want a deal with the Unites States, Caliber.Az reports.

“They make it almost impossible to do business. Do you know that they are willing to cut 100 per cent of their tariffs for the United States?” he asked the interviewer.

When asked if the deal would come soon, the US leader responded positively, claiming that “everybody wants to make a deal with us.”

The US has scaled back many of the tariffs introduced on Trump’s so-called "Liberation Day" on April 2, temporarily reducing them to 10 per cent for a 90-day period. Despite the shift toward unilateral action, the administration has recently made progress on bilateral agreements. 

Earlier this month, Washington reached a deal with the UK to ease tariffs on key exports such as steel and automobiles. A similar duty reduction was jointly announced with China this week.

Negotiations also remain ongoing with several major economies, including the European Union, Japan, and India, as the US recalibrates its trade strategy.

By Sabina Mammadli