‘I believe we’ll have a deal’: Trump optimistic about reaching deal on tariffs with India

US President Donald Trump expressed optimism about ongoing tariff negotiations with India, saying that talks have been progressing effectively and that the 2 international locations would attain a deal.

Following a three-day assembly in Washington, each international locations are focusing on a deal on a Bilateral Commerce Settlement by fall 2025.

On Friday, US President Donald Trump described Prime Minister Narendra Modi as a ”very sensible man” and a ”nice good friend of mine” whereas emphasising that tariff talks would ”work out very effectively between India and our nation”.

The assertion assumes significance since Trump has repeatedly criticised the alleged excessive tariffs charged by India and different international locations on American items. He has introduced plans to impose reciprocal tariffs on its key buying and selling companions, together with India, on April 2.

Chatting with reporters outdoors the White Home, Trump additionally mentioned he would plan to go to Africa. He mentioned individually that he deliberate to talk with officers in Australia.

In the meantime, the White Home mentioned it is going to soften tariffs on automakers, sparking optimism in Detroit whose automobile manufacturing business has been on tenterhooks awaiting particulars on President Donald Trump’s fast-evolving coverage.

The measures, which embody a assure {that a} carmaker wouldn’t face a number of tariffs on the identical car, are designed to prod US and international firms to develop or construct new factories to assist home manufacturing.

Automakers have been among the many hardest-hit sectors by Trump’s multi-pronged assault on free commerce. The announcement of reduction is being timed in parallel with a go to by the president later Tuesday to the Detroit space to rejoice his one hundredth day in workplace.

With inputs from businesses