President Donald Trump announced on Truth Social that India is offering to cut tariffs imposed on U.S. goods.
“What few people understand is that we do very little business with India, but they do a tremendous amount of business with us. In other words, they sell us massive amounts of goods, their biggest ‘client,’ but we sell them very little – Until now a totally one sided relationship, and it has been for many decades,” Trump said.
“The reason is that India has charged us, until now, such high Tariffs, the most of any country, that our businesses are unable to sell into India. It has been a totally one sided disaster! Also, India buys most of its oil and military products from Russia, very little from the U.S. They have now offered to cut their Tariffs to nothing, but it’s getting late. They should have done so years ago. Just some simple facts for people to ponder!!!” he added.
Trump’s statement comes as Indian Prime Minister Shri Narendra Modi met with Russian President Vladimir Putin and Chinese President Xi Jinping over the weekend. Discussing his meeting with Putin, Modi said the countries aim to “deepen bilateral cooperation in all spheres, including trade, fertilizers, space, security, and culture” and “exchanged views on regional and global processes, including the peaceful settlement of the conflict in Ukraine.”
President Trump’s 50% tariff on Indian imports took effect on August 27, marking a significant escalation in U.S.-India trade tensions. Modi said at the time, “We should become self-reliant – not out of desperation, but out of pride… Economic selfishness is on the rise globally and we mustn’t sit and cry about our difficulties, we must rise above and not allow others to hold us in their clutches.”
