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Al Jazeera
Al Jazeera
Business
Al Jazeera Staff

Has India offered Trump zero tariffs? What we know and why it matters

India Donald Trump United States Narendra Modi New Delhi United Kingdom Washington D.C. China
US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi during a joint news conference in the East Room of the White House in Washington, DC [File: Jim Watson/AFP]

United States President Donald Trump said on Thursday that India had offered a trade deal that proposed almost “no tariffs” on US goods, as the South Asian nation seeks to avert higher import and export costs.

India disputed Trump’s claim. But New Delhi is looking to clinch a trade deal with the US within the 90-day pause announced by Trump on April 9, on so called reciprocal tariffs for major trading partners. On May 8, the White House secured a trade agreement with the United Kingdom, two days after India inked a similar pact with it.

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