New Delhi: The United States will lower the tariff on India “at some point” as the South Asian nation slashed its oil imports from Russia, President Donald Trump said, adding that the two sides were “pretty close” to a “fair trade deal” that would be “good for everybody”.

New Delhi, however, struck a cautious note, with Commerce Minister Piyush Goyal saying that Prime Minister Narendra Modi’s government would not compromise with the interests of the farmers and the dairy workers of India while working out a trade deal with the US. He made the comment in New Delhi on Tuesday, a few hours after the US president exuded optimism in Washington, D.C., about the trade deal with India.

“We're making a deal with India, a much different deal than we had in the past. So right now, they don't love m

See Full Page