US tariff: After China 'deal', Trump eyes trade pact with India, says ‘looking to drop full barrier'
US President Donald Trump (AP)
US President
Donald Trump
on Friday signaled a possible breakthrough in trade negotiations with India, as Washington prepares to notify countries of new reciprocal tariffs.
Speaking at a press conference, Trump said the US is seeking to dismantle trade restrictions that currently make it difficult for American businesses to operate in India, reported Reuters.
'India, I think we are going to reach a deal where we have the right to go and do trade,' Trump said. 'Right now, it's restricted. You can walk in there, you can't even think about it. We are looking to get a full trade barrier dropping, which is unthinkable and I am not sure that that is going to happen. But as of this moment, we agree that going to India and trade...'
Trump's comments come as the US plans to send letters to multiple countries within the next 10 days, detailing what they will be required to pay to access American markets under a reciprocal tariff framework.
'We have made a deal with China... We have 200 countries plus,' Trump said. 'At a certain point over the next week and a half or so, or maybe before, we are going to send out a letter and talk to many other countries. We are going to tell them what they have to pay to do business with the US.'
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