India willing to cut 100% tariffs; trade deal with New Delhi soon: Trump
New York (PTI): India is willing to cut 100 per cent tariffs on American goods, US President Donald Trump claimed once again while 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 on Thursday that "any trade deal has to be mutually beneficial".
Trump again described India as "one of the highest tariff nations in the world."
"They make it almost impossible to do business. Do you know that they're willing to cut 100 per cent of their tariffs for the United States?" Trump said.
When asked if the deal with India is coming soon, Trump said, "that'll come soon. I'm in no rush. Look, everybody wants to make a deal with us."
Then he went on to add: "South Korea wants to make a deal but I'm not going to make deals with everybody. I'm just going to set the limit. I'll make another some deals. Because I can't, you can't meet with that many people. I've got 150 countries that want to make deals."
India and the US are holding talks to firm up a trade deal.
On Thursday, Jaishankar said trade talks have been going on between India and the US.
"These are complicated negotiations. Nothing is decided till everything is. Any trade deal has to be mutually beneficial; it has to work for both countries," he said.
"That would be our expectation from the trade deal."
Commerce Minister Piyush Goyal is currently in Washington to assess the progress of negotiations for the proposed trade agreement.
He is expected to hold talks with US Commerce Secretary Howard Lutnick and US Trade Representative (USTR) Jamieson Greer.
To boost bilateral trade, India is seeking duty concessions for labour-intensive sectors like textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, chemicals, grapes, and bananas in the proposed pact with America.
On the other hand, the US wants duty concessions in sectors like certain industrial goods, automobiles (electric vehicles in particular), wines, petrochemical products, dairy, agriculture items such as apples, and tree nuts.
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Thunderstorm hits Lucknow, IMD issues red alert across multiple UP districts
Lucknow: Shortly after the India Meteorological Department issued a red alert warning of severe weather conditions in the region, a sudden thunderstorm hit Lucknow and adjoining districts on Monday morning.
The Indian Express reported that the skies turned dark around 8:45 am as strong winds lashed parts of the city. Incidents of tree falls were reported from several locations, disrupting traffic and normal movement.
The weather department said thunderstorms accompanied by lightning, hail and gusty winds of 40 to 60 kmph are likely to continue over the next three hours across several districts.
A red alert has been issued for districts including Unnao, Barabanki, Hardoi, Sitapur, Bahraich, Gonda, Shravasti and Lakhimpur Kheri, where moderate thunderstorms with hail and strong winds may damage trees, power lines and temporary structures.
An orange alert is in place for Rae Bareli, Amethi, Kanpur Nagar, Ayodhya, Kanpur Dehat, Auraiya, Kannauj, Farrukhabad, Shahjahanpur and Balrampur, where thunderstorms with lightning and winds up to 60 kmph could lead to localised disruptions.
Major parts of the state remains under yellow alert, including districts such as Prayagraj, Agra, Bareilly, Aligarh and Moradabad, where light rain, lightning and winds of 30 to 40 kmph are expected.
Authorities have advised residents to remain indoors, avoid open areas and trees during lightning, and secure loose objects.
