U.S. President Donald Trump announced that India has proposed a trade deal with no tariffs with the aim to finalise it within the 90-day pause on tariff hikes.
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00:00Welcome back. U.S. President Donald Trump says India has offered a trade deal that proposed no tariffs.
00:06India is aiming to finalize the deal within the 90-day pause on tariff hikes announced by Trump on April 9th,
00:13after which a 26% tariff awaits Indian goods.
00:18New Delhi has yet to respond and no further details regarding the proposed deal have been made public yet.
00:24Trump made the comments while speaking about Apple's plans to make iPhones in India.
00:30Objecting the idea and calling for Apple to up their production in the U.S. instead.
00:34The U.S. is India's largest trading partner with bilateral trade totaling around US$129 billion in 2024.
00:43Delhi has already lowered tariffs on bourbon whiskey, motorcycles and some other U.S. products,
00:49but the U.S. still faces a US$45 billion trade deficit with India, which Trump wants to reduce.
00:56Trump and Modi have set a target to more than double trade to US$500 billion,
01:02but Delhi is unlikely to concede on politically sensitive sectors like agriculture.
01:08contemporary.
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