- Trump claims India agreed to drop tariffs on U.S. goods, though India hasn’t confirmed it.
- A new UK-India trade deal was finalized, easing exports for both sides after years of talks.
- The U.S. remains in tense tariff standoffs with China, with no trade deals finalized yet.
President Donald Trump made a bold claim from the Oval Office today: India, a key BRICS member, has agreed to eliminate tariffs on U.S. imports. “They’ve already agreed,” Trump told reporters. “They would have never done that for anybody else but me.”
The supposed deal, which reportedly involves dropping tariffs on auto parts, steel, and pharmaceuticals, hasn’t been confirmed by Indian officials. For now, both countries are still in talks, with no formal agreement in place.
Trade deals in motion—but no signatures yet
Trump says the U.S. is “open for business” and could “sign 25 deals right now,” though none have been finalized—including with India. His administration recently imposed a blanket 10% tariff on all countries, aiming to force new trade agreements that he says will level the playing field for American exports.
Meanwhile, India just inked a separate trade deal—with the UK. That deal, finalized after three years of back-and-forth, is expected to boost exports on both sides. UK companies will get easier access to India’s markets for things like automobiles, while Indian textile exporters will benefit from tax cuts, according to the BBC.
China? Still off the table
Trump also made it clear that one country isn’t in the queue for any deal-making: China. Talks between the U.S. and China are still rocky, with both sides maintaining heavy tariffs. The U.S. recently slapped more than 140% tariffs on certain Chinese imports, and there’s no sign of resolution yet.
So while Trump’s making noise about India coming to the table, for now, it looks like that deal—if it’s happening at all—is still a work in progress.
