US President Donald Trump stated on Thursday that India has proposed a trade deal with the United States that includes "zero tariffs." During his visit to Qatar, Trump stated: "India offered the US a deal, basically zero tariffs", Reuters reported.
This comes after his statements in Michigan on April 30, when he stated tariff talks with India were going well and he was optimistic about reaching a final agreement shortly. The US and India have been engaged in high-level negotiations to resolve ongoing trade and market access issues.
According to a May 9 Reuters report, India offered to reduce its average tariff difference with the US from 13 percent to below 4 percent, marking a significant shift in its trade policy.