India to scrap 100% tariffs: Trump

As India and US are one of the oldest trading partners, this cent percent tariff cut should be reciprocal. Considering that, it would have a significant impact on Indian economy as it can boost various sectors, but can also be a prominent reason for imbalance trade

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India is willing to cut 100 per cent tariffs on American goods, US President Donald Trump claimed once again, saying that a trade deal between New Delhi and Washington is coming soon.

In an interview to Fox News, Trump, however, said that he is not in a "rush" for the proposed trade deal.

Against the backdrop of the US president's repeated claim of India offering to drop all tariffs on American goods, External Affairs Minister S Jaishankar said in New Delhi Thursday that "any trade deal has to be mutually beneficial".

Trump again described India as "one of the highest tariff nations in the world."