NEW: India Offers Zero-For-Zero Tariffs In Major Trade Win For Trump
Published 2 hours ago
on May 5, 2025
By Chris Powell
Indian officials recently offered a bold new trade proposal during closed-door meetings in Washington—one that Trump allies are already calling a major victory.
India’s latest offer includes removing tariffs altogether on U.S. steel, auto components, and pharmaceutical imports—up to a negotiated volume—on the condition that the United States does the same. The proposal, described by people familiar with the talks who spoke to Bloomberg, would revert to normal tariff levels only once that volume threshold is crossed. Negotiators are eyeing a deal as early as this fall.
The proposal came during high-level meetings late last month as both countries aim to finalize a bilateral agreement ahead of a 90-day window in which President Trump’s new tariff regime remains flexible. The Trump administration has been pressuring trade partners to ink fresh deals or risk steeper duties under the so-called “Liberation Day” tariffs, announced April 2 and enacted April 5.
Trump, on Sunday, hinted that new trade breakthroughs could be coming within days” signaling momentum behind the scenes. India appears to be near the front of the line, along with South Korea and Japan, in responding to Trump’s demands for more balanced trade. The zero-for-zero model marks a dramatic shift from India’s historically protectionist stance and signals its willingness to play ball with the U.S. on Trump’s terms.
President Trump said Tuesday that trade talks with India over tariffs were coming along great and expressed his confidence that the two countries will reach an agreement. While speaking to reporters outside the White House, Trump also mentioned plans to visit Africa and said he intends to hold discussions with officials in Australia per Reuters.
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