The United States and India would soon reach a trade agreement, US President Donald Trump said on Thursday, while claiming that New Delhi had for years “taken advantage” of Washington but the relationship had been reversed.
“[India] charged us tremendous tariffs and paid nothing,” Trump told reporters at the White House. “...Now it is the exact reverse and we are making a lot of money with India.”
He added: “But we will get to a deal because I like your prime minister a lot…he is a good friend of mine…we have a very good relationship.”
After an interim bilateral trade deal was agreed on February 2, US tariffs on India goods would have been reduced to 18% from a combined rate of 50%. The earlier rate of 50% had included a punitive levy of 25% imposed in August over India’s purchase of Russian oil.
However, negotiations on the final deal were postponed after the US Supreme Court on...
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