US President Donald Trump Friday said that India has agreed to “cut tariffs way down”. He said this while speaking to reporters at the Oval Office.
“India charges us massive tariffs. Massive. You can’t even sell anything in India. They have agreed, by the way; they want to cut their tariffs way down now because somebody is finally exposing them for what they have done,” Trump said.
#WATCH | Washington, DC: US President Donald Trump says, “…India charges us massive tariffs. Massive. You can’t even sell anything in India…They have agreed, by the way; they want to cut their tariffs way down now because somebody is finally exposing them for what they have… pic.twitter.com/XwytKPli48
— ANI (@ANI) March 7, 2025
Trump’s statement comes after India earlier in the day said the two sides were negotiating a multi-sector trade deal to tackle tariff and non-tariff barriers and increase market access. The Ministry of External Affairs spokesperson was responding to questions on Trump’s threat to hit trade partners with reciprocal tariffs from April 2.
During Indian Prime Minister Narendra Modi’s visit to the US in February, both nations announced plans to negotiate a multi-sector Bilateral Trade Agreement (BTA), aimed at enhancing trade, reducing barriers, and deepening supply chain integration.
MEA spokesperson, Randhir Jaiswal, reiterated that discussions are ongoing, with Union Commerce Minister Piyush Goyal’s recent US visit serving to advance the agreement.
The announcement comes amid US President Donald Trump’s push for reciprocal tariffs, set to take effect on April 2, 2025, targeting nations that impose higher levies on American imports.
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