Trump says India, US will reach a trade deal soon
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The United States and India would soon reach a trade agreement, US President Donald Trump said on Thursday, while claiming that New Delhi had for years “taken advantage” of Washington but the relationship had been reversed.
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“[India] charged us tremendous tariffs and paid nothing,” Trump told reporters at the White House. “...Now it is the exact reverse and we are making a lot of money with India.”
He added: “But we will get to a deal because I like your prime minister a lot…he is a good friend of mine…we have a very good relationship.”
#WATCH | President Donald Trump says, "For years, India took advantage of the United States... They charged us tremendous tariffs and paid nothing... Now it is the exact reverse and we are making a lot of money with India. But we will get to a deal because I like your Prime… pic.twitter.com/IR2x2MqUV5
— ANI (@ANI) June 4, 2026
After an interim bilateral trade deal was agreed on February 2, US tariffs on India goods would have been reduced to 18% from a combined rate of 50%. The earlier rate of 50% had included a punitive levy of 25% imposed in August over India’s purchase of Russian oil.
However, negotiations on the final deal were postponed after the US Supreme Court on...