India offered to cut 100% of their tariffs for the United States, President Donald claimed on Friday, but added that he was in no rush to formalise a trade deal despite the apparent breakthrough.
In an exclusive interview with Fox News' Bret Baier, Trump claimed that South Korea also wanted to make a deal with the United States.
"India wants, you know, they, they want they're one of the highest taxed or tariff nations in the world. They make it almost impossible to do business. Do you know that they're willing to cut 100% of their tariffs for the United States because of what happened? Soon. Yeah, that'll come soon. I'm in no rush," Trump said.
" Look, everybody wants to make a deal with this. South Korea. South Korea wants to make a deal with everybody. But I'm not going to make deals with everybody. I'm just going to set the limit. I'll make another. Some deals. But. And then I'm just. Because I can't. You can't meet with that many people. I've got 150 countries that want to make deals. You know, you have a lot of countries," he added.
The Indian government aims to secure a trade agreement with America during the 90-day suspension declared by Trump on April 9 regarding tariff increases for significant trading partners, which had incorporated a 26% duty on India.
The United States maintains its position as India's primary trading partner, with the total bilateral trade reaching approximately $129 billion in 2024. Currently, India holds a favourable trade position, maintaining a surplus of $45.7 billion in its trade dealings with the United States.
Last week, Reuters reported that India has offered to lower its tariff gap with the US to less than 4% from the present 13%, aiming to gain exemption from Trump's current and upcoming tariff hikes, according to two sources close to the bilateral negotiations.
Meanwhile, foreign minister S Jaishankar on Thursday asserted that a trade deal has to be mutually beneficial, and he expected that the proposed agreement with the US should help both countries gain from it.
“These are very complicated negotiations, they are very intricate, and nothing is decided till everything is,” Jaishankar said. The comments come just ahead of commerce and industry minister Piyush Goyal’s meetings with US trade representative Jamieson Greer and US commerce secretary Howard Lutnick.
In an exclusive interview with Fox News' Bret Baier, Trump claimed that South Korea also wanted to make a deal with the United States.
"India wants, you know, they, they want they're one of the highest taxed or tariff nations in the world. They make it almost impossible to do business. Do you know that they're willing to cut 100% of their tariffs for the United States because of what happened? Soon. Yeah, that'll come soon. I'm in no rush," Trump said.
‘They're willing to CUT 100% of the tariffs for the United States’ — Trump on India’s Modi slashing tariffs
— RT (@RT_com) May 16, 2025
‘I’m in no rush... Everybody wants to make a deal with us’ https://t.co/3gv3CEBPBq pic.twitter.com/ZAVPoQfftr
" Look, everybody wants to make a deal with this. South Korea. South Korea wants to make a deal with everybody. But I'm not going to make deals with everybody. I'm just going to set the limit. I'll make another. Some deals. But. And then I'm just. Because I can't. You can't meet with that many people. I've got 150 countries that want to make deals. You know, you have a lot of countries," he added.
The Indian government aims to secure a trade agreement with America during the 90-day suspension declared by Trump on April 9 regarding tariff increases for significant trading partners, which had incorporated a 26% duty on India.
The United States maintains its position as India's primary trading partner, with the total bilateral trade reaching approximately $129 billion in 2024. Currently, India holds a favourable trade position, maintaining a surplus of $45.7 billion in its trade dealings with the United States.
Last week, Reuters reported that India has offered to lower its tariff gap with the US to less than 4% from the present 13%, aiming to gain exemption from Trump's current and upcoming tariff hikes, according to two sources close to the bilateral negotiations.
Meanwhile, foreign minister S Jaishankar on Thursday asserted that a trade deal has to be mutually beneficial, and he expected that the proposed agreement with the US should help both countries gain from it.
“These are very complicated negotiations, they are very intricate, and nothing is decided till everything is,” Jaishankar said. The comments come just ahead of commerce and industry minister Piyush Goyal’s meetings with US trade representative Jamieson Greer and US commerce secretary Howard Lutnick.
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