President Donald Trump said on Thursday that India has offered to eliminate tariffs on the United States as part of a potential trade deal. If that comes to pass, it could represent a significant breakthrough with an increasingly important US trading partner.

India has proposed levies on some US goods in response to Washington’s duties on steel and aluminum, marking its first retaliation against President Donald Trump’s tariff regime, even as the two countries move closer to finalizing a trade deal.

In a significant development, President Donald Trump announced that India has offered to eliminate tariffs on American products. This move marks a potential breakthrough with a key trading partner, as India becomes the largest U.

Moody's Ratings highlight India's economic resilience against US tariffs and Pakistan tensions, with potential growth slowdown from global impact.

The investment comes amid heightened political rhetoric from US President Donald Trump, who said in Doha that Apple should manufacture products for the US market within America, not India.

Donald Trump's return to the White House has triggered global economic turmoil through aggressive tariffs and trade recalibrations. These measures have strained diplomatic ties, disrupted supply chains,

President Donald Trump said he would set tariff rates for US trading partners “over the next two to three weeks,” saying his administration lacks the capacity to negotiate deals with all of its trading partners.

China's state-backed Global Times said Friday the 90-day tariff truce with the US is too short and should be extended. The US recently cut tariffs on Chinese goods from 145% to 30%, with China lowering its own to 10%,