Describing India as a “tariff king”, US president Donald Trump said India wanted to start trade talks with the US “immediately”.
He said this at a press conference to announce a trade deal struck between the United States, Mexico and Canada. Trump said India has a high tariff rate on various American products.
Further on the trade links with Mexico and Canada, he said “w are going to be a manufacturing powerhouse that will allow us to reclaim a supply chain that has been off-shored to the world because of unfair trade issues.”
The U.S.-Mexico-Canada Agreement—a comprehensive renegotiation of the old North American Free Trade Agreement—is “a major step toward completing one of Trump’s signature campaign promises.”
“Late last night, our deadline, we reached a wonderful new Trade Deal with Canada, to be added into the deal already reached with Mexico. The new name will be The United States Mexico Canada Agreement, or USMCA. It is a great deal for all three countries, solves the many deficiencies and mistakes in NAFTA, greatly opens markets to our Farmers and Manufacturers, reduces Trade Barriers to the U.S. and will bring all three Great Nations together in competition with the rest of the world. The USMCA is a historic transaction!,” he said.