The Indian government denied any commitment to reduce import duties on US products, contradicting President Trump’s claims. India seeks time until September to address trade issues while focusing on a long-term bilateral agreement with the US.

A potential India-US trade deal will iron out the impact of Trump tariffs, according to a report by Nirmal Bang Equities.The report stated that as the United States, under President Donald Trump, continues to impose tariffs on global trade,

US President Donald Trump’s threats to hike tariffs isn’t all bad news for India’s economy since it’s driving the government to lower trade barriers, which will spur competition and growth.