financetom
Business
financetom
/
Business
/
Trump says US, India continue talks on trade barriers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump says US, India continue talks on trade barriers
Sep 9, 2025 3:42 PM

By Andrea Shalal and Bhargav Acharya

(Reuters) - U.S. President Donald Trump said on Tuesday his administration is continuing negotiations with India to address trade barriers between the two countries, days after warning that India and Russia seemed to have been "lost" to China.

Trump, in a marked shift of tone, said he looked forward to speaking to Indian Prime Minister Narendra Modi in the "upcoming weeks" and expressed optimism that they could reach a trade deal.

"I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries," he said in a post on social media.

Trump last week said India had offered to reduce its tariffs on U.S. goods to zero, adding that the proposal was late and the South Asian country should have lowered its duties years ago.

The U.S. president's more upbeat message came after months of roller-coaster talks that have strained U.S.-India ties. India's chief economic adviser this week warned that Trump's 50% tariffs imposed on Indian exports to the U.S. could shave half a percentage point off India's gross domestic product this year.

Trump had promised for months that the two sides were close to clinching a trade deal, only to double new tariffs on Indian imports to 50%, sparking questions about the future of the U.S.-India relationship, which had strengthened in recent years, including during Trump's first term.

Trump imposed the higher tariffs on India after New Delhi refused to stop buying Russian oil in defiance of his efforts to end Moscow's war in Ukraine.

The Financial Times reported on Tuesday that Trump was pressing the European Union to impose 100% duties on imports from India and China.

U.S.-India two-way goods trade totaled $129 billion in 2024, with a $45.8 billion U.S. trade deficit, according to U.S. Census Bureau data.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MercadoLibre taps Ariel Szarfsztejn as new CEO as of 2026
MercadoLibre taps Ariel Szarfsztejn as new CEO as of 2026
May 26, 2025
SAO PAULO, May 21 (Reuters) - Latin American e-commerce giant MercadoLibre ( MELI ) said on Wednesday its board approved a leadership transition, with Chief Executive Marcos Galperin being replaced by current commerce head Ariel Szarfsztejn as of 2026. Galperin will move to a more strategic role within the company as chairman of the board, MercadoLibre ( MELI ) said...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
RBC sets up new AI team for capital markets unit
RBC sets up new AI team for capital markets unit
May 26, 2025
TORONTO, May 21 (Reuters) - Royal Bank of Canada's ( RY ) capital markets wing has established a new artificial intelligence and digital innovation team as it bets on AI to boost future growth, the Canadian lender told Reuters on Wednesday. The team, with hubs in New York, Toronto and London, will report to newly appointed Chief Strategy and Innovation...
Court approves fire sale of most of Rite Aid's pharmacy assets
Court approves fire sale of most of Rite Aid's pharmacy assets
May 26, 2025
(Reuters) -Bankrupt Rite Aid on Wednesday received court approval to close stores and sell most of its pharmacy assets in separate transactions to CVS, Walgreens, Albertsons, Kroger and Giant Eagle, among others.  The U.S. pharmacy chain, which operates about 1,200 stores and has some 8 million customers, filed for bankruptcy earlier this month for the second time in two years....
Copyright 2023-2026 - www.financetom.com All Rights Reserved