India Proposes Zero Tariffs to the US: A New Chapter in Trade Relations
Background
In a recent development, President Donald Trump announced that India has proposed a trade agreement offering zero tariffs on American goods. This move is seen as a significant shift in the trade relations between the two nations.
Statements from Leaders
During a meeting in Doha, President Trump stated, “They’re offering us a deal where basically they are willing to literally charge us no tariffs.” However, India's Foreign Minister Subrahmanyam Jaishankar responded by saying, “Nothing is decided till everything is,” emphasizing that discussions are still ongoing.
Implications for Trade
The United States is India's largest trading partner, with bilateral trade totaling approximately $129 billion in 2024. A zero-tariff agreement could potentially enhance this relationship, benefiting various sectors including pharmaceuticals, machinery, and jewelry.
Further Reading
For more insights on Donald Trump's trade policies, visit our internal coverage: NB Newsroom - Donald Trump
External source: Al Jazeera - Has India offered Trump zero tariffs? What we know and why it matters