India’s tariffs a ‘big problem’; US sale of oil & gas will bridge trade deficit: Trump

News Snapshot:

US President Donald Trump on Friday said that Indian tariffs as high as 70 per cent and more on American goods such as cars, which limit access to the Indian market, are a “big problem” and that US sales of oil and gas will bridge the US trade deficit with India. Speaking at a press briefing with Prime Minister Narendra Modi, Trump said that PM Modi “in good faith” announced reductions to India’s “unfair and very strong tariffs,” which are a “big problem, I must say.” “India imposes a 30, 40, 60 and even 70 per cent tariff on so...