U.S. President Donald Trump announced in Doha that India has offered a trade deal with zero tariffs.
Speaking at a business meeting in Doha, President Donald Trump revealed that India has offered a trade deal eliminating tariffs on U.S. exports as New Delhi seeks to secure a comprehensive agreement during a 90-day tariff pause announced by Trump last month.
“It is very hard to sell in India, and they are offering us a deal where basically they are willing to literally charge us no tariffs,” Trump told executives, suggesting the offer marked a major shift in Indian trade policy.
According to Reuters, the proposed agreement includes duty-free access on 60% of tariff lines in its initial phase and preferential access for nearly 90% of American goods currently imported by India. The Indian trade ministry declined to comment on the offer.
Trump’s remarks triggered a rally in Indian markets, pushing equity benchmarks to their highest level in seven months.
However, the president also took aim at Apple, criticizing the company’s increasing investment in Indian manufacturing. Trump recounted a conversation with CEO Tim Cook, objecting to Apple's plan to produce most U.S.-bound iPhones in India by the end of 2026.
“Tim, we treated you very good, we put up with all the plants you built in China for years,” Trump said. “We are not interested in you building in India—India can take care of themselves, they are doing very well—we want you to build here.”
Apple suppliers in India have sharply increased output. In March, Foxconn and Tata exported a record $2 billion worth of iPhones to the U.S., a move widely seen as a response to rising U.S.-China trade tensions and anticipated tariff hikes.
India, which is among the world’s highest tariff jurisdictions, has long faced U.S. criticism. Trump has previously described India as a “tariff abuser” due to its restrictive import policies.
Despite trade tensions, the United States remains India’s largest trading partner, with bilateral trade hitting $129 billion in 2024. India currently runs a $45.7 billion surplus with Washington.
India’s Commerce Minister Piyush Goyal is set to lead a delegation to the U.S. on May 16 to push forward trade talks. Indian officials hope the zero-tariff proposal could pave the way for a deal that would boost exports, attract investment, and balance relations amid geopolitical shifts.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 26 May, covering the latest developments you need to know. ...
The first Baku-Tbilisi passenger train, operated by Azerbaijan Railways, has arrived in the Georgian capital at 09:04 local time on Monday, 26 May. T...
The UK is experiencing potentially record-breaking temperatures after forecasters confirmed some areas reached highs close to 34°C on Monday....
FIFA has confirmed that Iran has moved its World Cup training base from the United States to Mexico, citing the ongoing war in the Middle East and rel...
Iran is restoring global Internet access after President Masoud Pezeshkian ordered the repeal of restrictions that have been in place for almost three...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 26 May, covering the latest developments you need to know.
The UK is experiencing potentially record-breaking temperatures after forecasters confirmed some areas reached highs close to 34°C on Monday.
Iran is restoring global Internet access after President Masoud Pezeshkian ordered the repeal of restrictions that have been in place for almost three months.
Farmers in Sudan say the war involving Iran is pushing up fuel and fertiliser prices, forcing many to cut back on planting and threatening food production in a country already struggling with widespread hunger.
The inaugural Enhanced Games began in Las Vegas on Sunday (24 May), launching one of the most controversial experiments in modern sport, in which athletes openly compete using performance-enhancing drugs banned under traditional anti-doping rules.
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
A "largely negotiated" memorandum of understanding on an Iran peace deal would reopen the Strait of Hormuz, U.S. President Donald Trump said on Saturday, though the Iranian Fars news agency disputed that claim.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 25th May, covering the latest developments you need to know.
The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 26 May, covering the latest developments you need to know.
FIFA has confirmed that Iran has moved its World Cup training base from the United States to Mexico, citing the ongoing war in the Middle East and related security concerns.
Farmers in Sudan say the war involving Iran is pushing up fuel and fertiliser prices, forcing many to cut back on planting and threatening food production in a country already struggling with widespread hunger.
Residents living near a burning textile warehouse in the town of Tubize, southwest of Brussels, have been evacuated after authorities warned of a risk of explosions caused by gas canisters stored inside the building.
Doctors working on the front lines of the Ebola outbreak in the Democratic Republic of Congo say attacks on treatment centres and fleeing patients are hampering efforts to contain the virus.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment