President Donald Trump said that India has offered to cut all its tariffs on US goods but downplayed any sense of urgency to reach a trade agreement with the world’s fourth-largest economy.
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Trump cited India as an example of a country where he is seeking to slash barriers to US exports during an interview with Fox News host Bret Baier that aired on Friday.
“They make it almost impossible to do business. Do you know that they’re willing to cut 100 per cent of their tariffs for the United States?” Trump said.
But the president also sent mixed signals on how close a deal could be, saying “that’ll come soon. I’m in no rush. Look, everybody wants to make a deal with us.”
He added that he is not planning to “make deals with everybody”.
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The remarks are the latest signal from Trump that while he plans to strike trade deals with some countries before a pause on higher import duties expires in July, that many nations will just see the US make unilateral decisions about the rates they will face.