India Offered A Trade Deal With Zero Tariffs On Reciprocal Basis: US President Trump

US President Donald Trump voiced considerations over Apple’s rising funding in India. He criticised Apple CEO Tim Cook for expanding production in India. He expressed frustration, mentioning India’s prime price lists, which he argued make it tricky for American corporations to promote merchandise there.

“I had a little problem with Tim Cook yesterday. I said to him, my friend, I am treating you very good. You are coming up with $500 billion, but now I hear you are building all over India. I don’t want you building in India. You can build in India, if you want to take care of India because India is one of the highest tariff nations in the world, so it is very hard to sell in India,” Trump mentioned.

While addressing a information convention in Doha, US President Trump additionally claimed that India had presented america a just about no-tariff deal on a reciprocal foundation.

“They have offered us a deal where we’re basically they’re willing to literally charge us no tariff,” Trump mentioned.

Earlier, it was once reported that Apple is about to transition all manufacturing of iPhones destined for america marketplace to India. Apple’s choice to ramp up its manufacturing in India aligns with its broader function of diversifying production operations clear of China.

Meanwhile, India’s Commerce Minister Piyush Goyal’s goes to US on May 16 to start complex business talks, which were ongoing on an respectable stage for a while at respectable stage.

This discuss with comes put up US Vice President JD Vance’s commute to New Delhi in April to be able to safe a bilateral business take care of america.

(With ANI inputs)