Donald Trump Says Tariffs On India Will Be Reduced As Part Of a Fair Trade Deal

On Tuesday, US President Donald Trump announced plans to reduce tariffs when questioned about trade negotiations with India. 

He again emphasised that India's high tariffs stem from its oil trade with Russia, claiming once again that New Delhi is no longer dealing with Russian oil imports. 

Furthermore, he stated that this will encourage a fair trade deal between India and the United States. 

Trump’s latest remarks followed his imposition of 50% tariffs on Indian imports in August, citing New Delhi's energy deals with Moscow. 

This strategy was a pressure tactic for Russian President Vladimir Putin to end the Ukraine war.

The trade talks between India and the US have been ongoing since, and every time, Donald Trump reiterated India's stance on ceasing the Russian oil trade. 

India Denies Any Phone Call Between Two Leaders

The first time Trump made such claims of a Russian oil ban by India was in the context of PM Modi's assurance. But India has denied any such interaction between the two leaders. 

On being questioned about trade talks on Tuesday, the US president stated about making a deal with India, different from the past. 

He remarked they might not like him today, but will admire him later for this fair trade deal. Trump also admitted having unfair trade deals, but is now moving towards better terms.

Pointing to U.S. Treasury Secretary Scott Bessent, the President made a repeated claim on moving further with the deal that will yield good results for everybody.

Bessent was among the top US officials who backed Donald Trump in targeting India over its oil trade with Russia. He even criticised India for reaping huge benefits from Russian oil imports even after the Ukraine war.

Trump Backs Sergio Gor To Bolster Strategic Partnership With India

Donald Trump is backing Sergio Gor to bolster not only the strategic partnership with India but also to boost U.S. investments, security ties, and energy exports. 

After being confirmed by the Senate as U.S. ambassador to India on October 7, Gor visited New Delhi and discussed trade, defence, technology, and crude minerals with Indian Prime Minister Narendra Modi.

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FAQs

Q. What did Donald Trump currently say about tariffs on India?

A. Donald Trump has initiated a fair trade deal by announcing to lower the tariffs on Indian imports. According to him, it will benefit both nations, bringing them closer.

Q. What led to the increase in tariffs on Indian goods earlier?

A. The United States issued hefty tariffs on India because it continued its trade ties with Russia. Trump called it an unfair trade practice.

Q. What is the concept of the 'Fair Trade Deal' between the United States and India?

A. Fair Trade Deal signifies agreement between the two countries through promoting mutual benefits in industries and economies, lessening trade barriers, and encouraging balanced market access.

Q. Will reduced tariffs affect India's relations with the U.S?

A. Yes, lower tariffs will be a positive move in easing the current trade tensions between the two nations, and will boost exports and strengthen the strategic bond. 

Q. Who will be the new U.S. Ambassador to India?

A. Sergio Gor has been confirmed as U.S. Ambassador to India. He will work on deepening cooperation in technology, energy, defence, and trade sectors.

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