Trump Tariff LIVE: ‘Close to making a deal with India,’ says Trump after sending letters to 14 nations, levying 25–40% tariffs

In a recent development, President Donald Trump announced that the United States is nearing a trade agreement with India. This statement follows the administration's decision to delay imposing increased tariffs on imports from 14 countries, including major economies like Japan and South Korea. The proposed tariffs, ranging from 25% to 40%, were initially intended to protect American industries but have sparked concerns about potential trade tensions. The decision to hold off on these tariffs appears to be a strategic move by the Trump administration to foster better trade relations and negotiate more favorable terms with these nations. By sending letters to the involved countries, the U.S. aims to open dialogue and potentially reach agreements that could benefit both sides. The delay indicates a shift towards diplomacy, emphasizing negotiation over immediate economic confrontation. As negotiations progress, the potential deal with India stands out as a significant highlight. Strengthening trade ties with India could open new markets for American goods and address the trade imbalance between the two countries. While the outcome remains uncertain, these developments signal a cautious yet optimistic approach by the Trump administration in reshaping international trade dynamics.

— Authored by Next24 Live