By Skylar Woodhouse and Josh Wingrove
President Donald Trump said that India has offered to cut all its tariffs on US goods but downplayed any sense of urgency to reach a trade agreement with the world’s fourth-largest economy.
Trump cited India as an example of a country where he’s seeking to slash barriers to US exports during an interview with Fox News host Bret Baier that aired Friday.
“They make it almost impossible to do business. Do you know that they’re willing to cut 100% of their tariffs for the United States?” Trump said.
But the president also sent mixed signals on how close a deal could be, saying “that’ll come soon. I’m in no rush. Look, everybody wants to make a deal with us.”
ALSO READ: India-US trade agreement talks to resume May 17 with ministerial oversight
Also Read
Trump slams US Supreme Court after ruling blocks fast-track deportations
Humanities groups sue Trump administration to reverse local funding cuts
US consumer sentiment hits 3-year low as trade war raises inflation fears
Highlights: IIFT's proposal to open first offshore campus in Dubai approved by Centre
Best of BS Opinion: How we manage change can turn the future around
He added that he’s not planning to “make deals with everybody.”
The remarks are the latest signal from Trump that he while he plans to strike trade deals with some countries before a pause on higher import duties expires in July, that many nations will just see the US make unilateral decisions about the rates they will face.
Earlier Friday, Trump said he is planning to set new import duty rates for trading partners over the “over the next two to three weeks.”
The Trump administration is prioritizing trade talks with several nations, including India, but a lack of manpower and capacity makes it impossible to hold concurrent negotiations with all the countries caught up in the president’s so-called reciprocal tariffs plan.
ALSO READ: Trump's West Asia tour: Royal welcomes, big business deals - key Takeaways
Trump said he also dangled the prospect of expanded trade with India’s rival Pakistan. He previously has said that was a factor in the US effort to broker a between the two countries earlier this month.
“I’m using trade to settle scores and make peace,” Trump said.
The US has also sought to deescalate a trade fight with China, a move Trump framed as an act of generosity to the world’s second-largest economy. After recent talks, the US slashed its rate on China to 30% from 145% and Beijing lowered its own tariff levels from 125% to 10%, with the countries looking toward further discussions.
“If I didn’t do that deal with China, I think China would have broken apart,” Trump said.
Connect with us on WhatsApp
More From This Section
Premium
MCA likely to widen PM Internship Scheme beyond top 500 companies
Premium
US remittance tax plan raises discrimination concerns for overseas Indians
India-US trade agreement talks to resume May 17 with ministerial oversight
UN cuts India's 2025 growth forecast to 6.3% amid global tensions
India's forex reserves jump $4.5 bn to $690.61 bn on rise in gold assets