Brief by Shorts91NewsDesk / 11:29am on 15 May 2025,Thursday Business
U.S. President Donald Trump revealed that India has proposed a trade deal to eliminate tariffs on 60% of American goods, aiming to lower India’s average tariff from nearly 13% to under 4%. Speaking at a business event, Trump highlighted that India is willing to charge “basically no tariff” on many U.S. products. This offer is part of ongoing negotiations to address trade imbalances and avoid U.S. reciprocal tariffs affecting various sectors. The Indian government has not yet officially commented on the proposal, but it signals a potential boost in India-U.S. economic relations. (PC: File Photo)
