President Trump, in a telephonic interview, stated that India offered a “no tariff” deal, which he attributed to his understanding of tariffs. He defended the 50% tariff on Indian goods. Trump characterized India as the nation with the highest tariffs globally. He described the trade relationship as one-sided and said that, until now, India’s high tariffs have prevented American businesses from selling into India. He also mentioned that India has been buying most of its oil and military products from Russia. Trump declared that India should have eliminated its tariffs years ago.
