India-US trade deal: Trump signals tariffs above 10%

US president says another agreement coming up, 'maybe with India'

- SHREYA NANDI

United States (US) President Donald Trump has said that a trade deal with India would be on the "same line" as that with Indonesia, which will face a 19 per cent tariff — thus suggesting that India, too, may have to brace for tariffs exceeding the 10 per cent threshold under the proposed interim agreement.

"We have another deal coming up, maybe with India," Trump told reporters at the White House on Wednesday. "We have some pretty good deals to announce."

Earlier on Tuesday, providing contours of the deal with Indonesia, Trump said the bilateral trade pact with Jakarta would result in tariff-and non-tariff-barrier-free access for American goods to the Indonesian market. In exchange, Indonesia will face a 19 per cent tariff on its exports to the US, down from the 32 per cent initially proposed last week.