'They’ll Love Us Again': Trump Indicates Possible Reduction in Tariffs on Indian Goods

Washington: US President Donald Trump has said that the trade agreement between India and America has been "largely finalized" and American tariffs on Indian goods can soon be reduced. He made this statement during a function in Washington.

What did Trump say?

Trump said, “India is not very happy with us right now, but soon they will start liking us again.” He indicated that trade relations between the two countries are moving in a better direction. He said that the high tariffs imposed by America on India will now be gradually reduced. These duties were increased mainly after American resentment over buying oil from Russia.

On which occasion did you give the statement?

Trump made this statement when he was referring to the appointment of Sergio Gore as the new US Ambassador to India. He said that the responsibility of the new ambassador will be to further strengthen the strategic, economic, and security relations between India and America.

What is the background?

The last few years have seen tensions in India-US trade relations. The US imposed some additional duties on Indian products, while India also took retaliatory measures. Apart from this, America had also put pressure on India to buy crude oil from Russia. This statement of Trump is being seen as a sign of improvement in these strained relations.

Why is this important?

If America reduces tariffs on Indian products, it will directly benefit Indian industries—such as the textile, chemical, engineering, and pharma sectors. At the same time, America can get more access to India's rapidly growing consumer market. This step will further strengthen the economic partnership between the two countries.

What is not clear yet?

It is not yet clear on which products the tariff will be reduced and by when. Trump did not specify a timeline, only saying it would be done "when the time is right." There has been no formal response from India yet. However, India's stance has been that its decisions on oil and trade are in accordance with national interests.

This statement of Trump is an indication that new economic synergy may be seen in India-US relations in the coming months. If this agreement is reached, new doors for trade, investment, and strategic partnership can open between the two countries.