&w=3840&q=100)
Trump says India offered a trade deal with 'zero tariffs' on US goods
Trump has floated this idea before, however, the Government of India has not made any comments on the US President's remarks.
'They've offered us a deal where basically they're willing to literally charge us no tariff... They're the highest, and now they're saying no tariff,' Trump said while commenting on Apple's investment in India. The tech giant recently announced plans to manufacture all iPhones that will be sold in the US, from India, marking a major manufacturing shift.
'I had a little problem with Tim Cook yesterday,' Trump said. 'I don't want you building in India. You can build in India if you want to take care of India... But we want you to build here.'
Trump criticises India's trade barriers
The US President has long criticised India for its high import duties, which can range from around 1 per cent for raw materials and mineral fuels to as high as 100 per cent on specific agricultural products, including dairy and meats. Automobiles are another sensitive area, with passenger vehicle imports facing duties of about 70 per cent. Trump had announced a blanket 25 per cent tax on all auto and auto-part imports to the US.
Trump has also criticised India's trade barriers during his first presidency. In 2019, his administration had even revoked India's preferential trade status under the Generalised System of Preferences (GSP).
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