 "'I think we'll have a deal': Trump optimistic about reaching deal on tariffs with India")
US President Donald Trump expressed optimism about ongoing tariff negotiations with India, saying that talks were progressing well and that the two countries would reach a deal.
Following a three-day meeting in Washington, both countries are targeting a deal on a Bilateral Trade Agreement by fall 2025.
On Friday, US President Donald Trump described Prime Minister Narendra Modi as a ”very smart man” and a ”great friend of mine” while emphasising that tariff talks would ”work out very well between India and our country”.
The statement assumes significance since Trump has repeatedly criticised the alleged high tariffs charged by India and other countries on American goods. He has announced plans to impose reciprocal tariffs on its key trading partners, including India, on April 2.
Speaking to reporters outside the White House, Trump also said he would plan to visit Africa. He said separately that he planned to speak with officials in Australia.
Meanwhile, the White House said it will soften tariffs on automakers, sparking optimism in Detroit whose car manufacturing industry has been on tenterhooks awaiting details on President Donald Trump’s fast-evolving policy.
The measures, which include a guarantee that a carmaker wouldn’t face multiple tariffs on the same vehicle, are designed to prod US and foreign companies to expand or build new factories to support domestic manufacturing.
Impact Shorts
More ShortsAutomakers have been among the hardest-hit sectors by Trump’s multi-pronged assault on free trade. The announcement of relief is being timed in parallel with a visit by the president later Tuesday to the Detroit area to celebrate his 100th day in office.
With inputs from agencies
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