President Trump claimed India offered to eliminate all tariffs for the U.S., but he’s in no rush to finalize a trade deal. This follows India’s aim to secure an agreement during a tariff suspension period. Bilateral trade between the two nations reached $129 billion in 2024, with India holding a $45.7 billion surplus. President Trump claimed India offered to eliminate all tariffs for the U.S., but he’s in no rush to finalize a trade deal. This follows India’s aim to secure an agreement during a tariff suspension period. Bilateral trade between the two nations reached $129 billion in 2024, with India holding a $45.7 billion surplus.