{"id":118301,"date":"2025-09-02T02:19:00","date_gmt":"2025-09-01T22:19:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118301"},"modified":"2025-09-02T06:20:20","modified_gmt":"2025-09-02T02:20:20","slug":"has-india-just-offer-a-game-changing-trade-deal-to-the-u-s","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/has-india-just-offer-a-game-changing-trade-deal-to-the-u-s\/09\/02\/market-updates\/","title":{"rendered":"Has India Just Offer a Game-Changing Trade Deal to the U.S.?"},"content":{"rendered":"On Monday, U.S. President Donald Trump claimed that India offered to slash tariffs on American goods to zero, a statement that has raised eyebrows amid escalating trade tensions. This announcement coincided with Indian Prime Minister Narendra Modi\u2019s show of solidarity with Chinese and Russian leaders at the Shanghai Cooperation Organization (SCO) summit in China, where they collectively pushed back against Washington\u2019s global trade pressures. <br \/><br \/>Trump\u2019s remarks, posted on his Truth Social platform, described U.S.-India relations as \u201creciprocal\u201d but suggested India\u2019s offer came too late: \u201cThey\u2019ve now offered to cut tariffs to nothing, but it\u2019s too late. They should\u2019ve done it years ago.\u201d The Indian embassy in Washington has not responded to these claims, which follow the U.S. imposing steep 50% tariffs on Indian goods, fueling uncertainty about the future of bilateral ties.<br \/><br \/>Trump\u2019s comments come at a time when India, a key U.S. strategic partner, faces mounting economic pressure. The 50% tariffs, including a 25% penalty for India\u2019s continued purchase of Russian oil, have strained a relationship that had strengthened in recent years over shared concerns about China\u2019s growing influence. Trump\u2019s tariffs aim to curb Russia\u2019s oil revenues and pressure Moscow to end its war in Ukraine, but India has resisted halting its Russian oil imports, citing energy security needs. This defiance has placed India alongside Brazil as one of the highest-tariffed U.S. trading partners, with sectors like textiles, gems, and seafood facing significant challenges.<br \/><br \/>Meanwhile, Modi\u2019s visit to China\u2014the first in seven years\u2014signals a potential pivot. At the SCO summit, a China-backed initiative gaining prominence amid Trump\u2019s tariff campaign, Modi and Chinese President Xi Jinping agreed their nations are partners in development, not rivals, and discussed boosting trade. A striking image from the summit showed Modi and Russian President Vladimir Putin, hand-in-hand, walking toward Xi with smiles, projecting unity among the Global South. This display underscores India\u2019s efforts to diversify its economic alliances as U.S. tariffs threaten its $86.5 billion export market to the States. Beijing seized the opportunity to strengthen ties with New Delhi, with Xi advocating for a new global economic and security order.<br \/><br \/>The U.S.-India relationship, once bolstered by mutual strategic interests, now faces a critical juncture. Trump\u2019s claim of a zero-tariff offer, if true, could signal India\u2019s attempt to mend ties, but its timing and authenticity remain unconfirmed, especially as New Delhi doubles down on its strategic autonomy. India\u2019s push for self-reliance and new trade partnerships with countries like the UK and Australia reflects a broader strategy to navigate Trump\u2019s trade war. <br \/><br \/>For now, neither the White House nor the U.S. State Department has commented on Modi\u2019s SCO summit remarks or the broader implications of this diplomatic shift. As India balances its economic ambitions with global pressures, investors and policymakers alike are left wondering: Could this tariff dispute reshape global trade alliances?","protected":false},"excerpt":{"rendered":"<p>On Monday, U.S. President Donald Trump claimed that India offered to slash tariffs on American goods to zero, a statement that has raised eyebrows amid escalating trade tensions. This announcement coincided with Indian Prime Minister Narendra Modi\u2019s show of solidarity with Chinese and Russian leaders at the Shanghai Cooperation Organization (SCO) summit in China, where &hellip;<\/p>\n","protected":false},"author":13,"featured_media":88453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-118301","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118301"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118301\/revisions"}],"predecessor-version":[{"id":118304,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118301\/revisions\/118304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/88453"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}