Reads early
Summary AI is born, the news room has been reviewed.
Donald Trump claims that India offered a trade deal without tariff.
The delegation of Business Minister Piyush Goyal is ready to visit Washington.
Apple aims to produce iPhones in India amidst potential tariff changes.
New Delhi:
The day before the trade minister Piyush Goyal and a delegation of top negotiaters arrived at Washington to negotiate the proposed India -American trade deal, Donald Trump has put the cat out of the bag with a huge claim – that India offered a business deal with “No Tariff”.
Donald Trump, who is on a 3-country visit to the Middle East, claimed this during a meeting with top officials in Doha.
India provides zero tariffs?
Speaking of tariffs and trade, President Trump said, “It is very difficult to sell in India, and they are giving us a deal where basically they are really ready to do no tariff.” He also expressed dissatisfaction with Apple’s plans for investment and construction in India.
In a quick and fast response, India, directly without the name of the US or President Trump, said “prematurely”.
Dr. Jaishankar said, “Any business deal should be mutually beneficial. It will have to work for both countries. It will be expected from any business deal. Until this happens, any decision will be made ahead of time.”
The Foreign Minister said that such conversations are “complex”, and take time. “Nothing is fixed until everything is,” he said.
#Watch Em Dr. Sayshankar says, “Business talks between India and America are going on. These are complex talks. Nothing is decided. pic.twitter.com/qidroeHzqd
– Year (@ani) May 15, 2025
In Doha, President Trump also recalled how he “encountered” Apple CEO Tim Cook when he came to know about apple shifting production from China from China. “I told him, Tim, we have treated you very well, we worked with all the plants made in China for years. We are not interested in you in India. India can take care of itself, they are very good, we want you to build here (in America),” said the US President.
Apple plans for India
Apple, which was already aiming to manufacture most of its iPhones, meaning to be sold in the United States across India by the end of 2026, is intensifying schemes that are planning to navigate the potentially high tariffs imposed by Trump on China.
In March, Donald Trump, a few hours before the announcement of his “mutual tariff” for friends, Apple’s main India suppliers – Foxconn and Tata – to the US about $ 2 billion $ 2 billion in the US – an all -time high, to bypass those tariffs, which, at that time, President Trump said that, President Trip said that, President Trip said, President Trip said, President Trip said, President Trip said, President Trip said.
Encouraged in markets
Meanwhile, Equity Markets in India reached seven months high -levels almost immediately after reports about Trump’s reports about Trump’s claim, allegedly offered a trade deal with zero tariffs. As a delegation headed by the head of the Business Minister Piyush Goyal in Washington, New Delhi attempts to deal with the “Autumn” time limit announced by the government earlier this year.
Donald Trump’s punitive “mutual tariff” also rests with a 90-day break, but has not put New Delhi. Minister Piyush Goyal said last month that “We never interact on gun tip. Favorable time obstacles motivate us for sharp conversations, but we do not hurry (in any deal) until we are able to secure the interests of our country and our people until we are able to secure the interests of our country and our people.”
India first, assurances the Minister of Trade
Adding this, Mr. Goyal had said, “All our business talks are progressing well, first in India’s spirit, and to ensure our path for India by 2047 in the Amrit period.”
According to the Reuters of the news agency, India has allegedly offered to reduce duties to zero 60 percent tariff lines in the first phase of the deal as part of a conversation with Washington, while offering preference access to about 90 percent of India from the United States.
What do Indo-American trade data reveal
The US is India’s largest trading partner globally. Bilateral trade between the largest and oldest democracy in the world is currently $ 129 billion, showing 2024 data. On a surplus of $ 45.7 billion, the rest is in favor of India.
The way with negotiations, the two countries are targeting to promote large scale in bilateral trade – a total of $ 500 billion by 2030.
