US President Donald Trump claimed India has agreed to cut tariffs, citing 'massive' charges on US goods.
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00:00The top story we are following here on India Today is coming in from the United States
00:04of America.
00:05Just days after announcing reciprocal tariffs, Trump talks tough on tariffs with India.
00:11Trump says India agreed to cut tariffs.
00:13India wants to cut their tariffs now.
00:16India charges US massive tariffs.
00:18So these are claims being made by the US President Donald Trump and this just days after he announced
00:24that there will be reciprocal tariffs that will be put on Mexico, Canada, India.
00:29Listen in to what Donald Trump said.
00:51Our objective through the BTA is to strengthen and deepen India-US two-way trade across goods
00:57and services, increase market access, reduce tariff and non-tariff barriers and deepen
01:04supply chain integration between the two countries.
01:07So that is how we look at the issue of tariff as far as India-US is concerned.
01:14My colleague Shivani Sharma is now joining me on the story.
01:16Shivani, we are seeing a tit for tat here, a tug of war taking place between India and
01:21the United States of America.
01:23US is now asking India that you need to cut down on your tariffs.
01:27But one thing is very clear, Donald Trump will surely walk the path that he has been
01:31talking for quite some time and we will see the trade deal being a little difficult for
01:36India this time.
01:37Aishwarya, Donald Trump had been promising America to make it great again and I think
01:43the main component of this particular promise was to bring back the resources of America
01:50to America.
01:52And here when we see Donald Trump talking about the relationships of US with other countries,
01:58the most important emphasis has been on tariff war, the tariff trade between both the countries,
02:05different countries.
02:06And he has been talking very tough in terms of tariff because he has been a businessman
02:10and he is talking more like a businessman, Aishwarya, in terms of improving the economy
02:15of US and improving the trade agreements with other countries.
02:19So here he has said that India has been charging massive tariffs on US and now what we also
02:26learn is that India and US are working together to reduce these tariffs to improve the economic
02:31relationship between both the countries.
02:34Right, thank you Sharani for giving us details, also putting things in perspective.
02:39At the moment, it's the Commerce Minister Piyush Goyal who is in the United States of
02:42America working out a trade deal with the US.
02:46Donald Trump has said that India now needs to lower the tariffs and only then can one
02:50see a successful trade deal between both the countries.