Trump Hints at Trade Deal with India, Tariff Reduction on the Horizon
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US President Donald Trump expressed optimism about a potential trade deal with India, suggesting that the country is 'pretty close' to reaching a fair agreement. In a speech at the swearing-in ceremony of the new US ambassador to India, Trump hinted that the US may reduce tariffs on Indian goods in the near future. This comes after the US imposed additional tariffs on Indian exports earlier this year, sparking tensions in bilateral trade talks. However, Trump expressed confidence in the new US ambassador's ability to strengthen ties between the two nations and promote American interests in India. The US has been seeking to reduce India's reliance on Russian oil, and Trump noted that India has made progress in this area, with crude oil purchases from Russia significantly reduced. As the US and India move closer to a trade deal, the two nations are likely to see an improvement in their relationship.
