Trump: India has offered US a trade deal with no tariffs

US President Donald Trump said on Thursday that India had offered the US a trade deal that proposed "no tariffs".

New Delhi is seeking to clinch a trade deal with the US within the 90-day pause announced by Trump on April 9 on tariff hikes for major trading partners, which had included a 26 percent tariff on India.

"It is very hard to sell in India, and they are offering us a deal where basically they are willing to literally charge us no tariffs," Trump said in a meeting with executives in Doha.

The United States is India's largest trading partner, with bilateral trade totalling some $129 billion in 2024. The trade balance is currently in favour of India, which runs a $45.7 billion surplus with the U.S.