'India offered trade deal with literally no tariffs': Donald Trump's big claim amid tariff war
World | US President Donald Trump claimed on Thursday (May 15) that India had put forward a proposal for a trade agreement with "no tariffs" or 'zero tariffs".
US President Donald Trump claimed on Thursday (May 15) that India had put forward a proposal for a trade agreement with "no tariffs" or 'zero tariffs". Speaking at a business event in Qatar, the US president claimed that India is "willing to literally charge us no tariff." Meanwhile, the Sensex jumped 1,300 points after Trump's statement.
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Last month, US President JD Vance, during his visit to India, indicated that the US and India had finalised "terms of reference" for a potential tariff deal. Vance made the big announcement the day after meeting with Indian Prime Minister Narendra Modi, saying that it sets a roadmap towards a final deal between the two nations. US Treasury Secretary Scott Bessent also suggested that India is likely to be the first country to finalise a bilateral trade agreement with the US.
In March, the US imposed 25% levies on steel and aluminium imports - an extension of tariffs first imposed in 2018 during US President Donald Trump's first term.
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Trump reached Qatar on Wednesday (May 14) - his second stop on a tour of West Asia. On Day 1 of Qatar trip, Trump announced that Qatar Airways signed a massive deal with US-based Boeing to purchase 160 jets, worth $200 billion. Trump also expressed his hopes about the Iran nuclear deal and said in Doha, "I have a feeling it’s going to work out." His remark came a day after Trump called Iran the "most destructive force" in the Middle East. "The biggest and most destructive force [in the Middle East] is Iran which has caused unthinkable suffering in Syria, Lebanon, Gaza, Iraq, Yemen and beyond,” he said during his visit to Saudi Arabia.
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Donald Trump became the first US president in 25 years to meet a Syrian leader Ahmed al-Sharaa. No US president has met a Syrian leader since Bill Clinton saw Hafez al-Assad, Bashar’s father, in Geneva in 2000 in a failed effort to persuade him to make peace with Israel. Trump announced that he was lifting “brutal and crippling" Assad-era sanctions on Syria. Syrian leader Ahmed al-Sharaa was seen in a meeting with Saudi officials including Crown Prince MBS, US President Trump and Secretary of State Marco Rubio.