ISLAMABAD: US President Donald Trump has said that a new trade agreement with India is close to completion, describing it as a “fair deal” compared with what he called previous “unfair” terms that favored New Delhi.
“You know we’re making a deal with India, a much different deal than we had in the past,” Trump said. “So, right now they don’t love me but they’ll love us again. We’re getting a fair deal, just a fair deal. We had a pretty unfair trade deal. Pretty close to doing a deal.”
He made the remarks on Monday as Sergio Gore was sworn in as the US ambassador to India during a ceremony held in the Oval Office of the White House in Washington, DC.
Trump’s remarks referred to long-standing trade frictions between Washington and New Delhi. During his presidency, Trump has frequently criticized India for selling “massive amounts of goods” to the US while imposing high tariffs on American exports.
Earlier in September, Trump wrote on his social media platform, Truth Social, “What few people understand is that we do very little business with India, but they do a tremendous amount of business with the US In other words, they sell us massive amounts of goods, their biggest client, but we sell them very little — until now a totally one-sided relationship, and it has been for many decades."
"Right now the tariffs are very high on India because of the Russian oil and they’ve stopped using the Russian oil," Trump said.
Trump stated that the United States is negotiating “a much different deal” with India than the one it had before.
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