Trump’s Latest: India Offered To Cut Tariffs To Zero
WASHINGTON, DC – President Donald Trump on September 1 escalated his criticism of Washington’s trade ties with New Delhi, calling the business relationship a “one-sided disaster.”
In a social media post, Trump argued that while India exports “massive amounts of goods” to the United States, American companies face high tariff barriers that severely limit their ability to sell into the Indian market. “What few people understand is that we do very little business with India, but they do a tremendous amount of business with us,” he wrote.
According to Trump, India has historically imposed high tariffs, “the most of any country”, creating what he described as an imbalanced and unfair trade relationship lasting “for many decades”. He claimed that this situation left American businesses at a disadvantage while making the US India’s “biggest client.”
He also criticized India’s defense and energy purchases from Russia. “India buys most of its oil and military products from Russia, very little from the US,” he said.
Trump claimed that India has now “offered to cut their tariffs to nothing, but it’s getting late.”
Trump’s comments come on a day when Prime Minister Narendra Modi attended the Shanghai Cooperation Organisation (SCO) Summit in Tianjin in China and holding bilateral meetings with the Presidents of Russia and China during his two-day stay there. (IANS)