During a press conference on Tuesday, US President Donald Trump announced that he has received indications that India plans to significantly reduce tariffs on American goods. He remarked, "I think I heard that India just a little while ago is going to be dropping its tariffs very substantially and I said why didn't somebody do this a long time ago."
This statement comes as the US prepares to implement reciprocal tariffs on April 2, which could impact trade relations with several countries, including India. Trump's comments suggest optimism about improving trade ties, as India is reportedly considering cutting tariffs on over half of its imports from the US, valued at approximately $23 billion.