Discussions with "very valuable ally" India on a trade deal has started, the White House said Thursday, days after President Donald Trump insisted that New Delhi has reached out to his administration on this.
"Yes discussions (with India on a trade deal) has started. No details please. But discussions have started. India is a very valuable ally," Larry Kudlow, top economic advisor to President Trump, told reporters at the White House.
Responding to questions, Kudlow refrained from providing any further detail about the nature of the talks with India.
On October 1, Trump accused India of having a high tariff and described it as a tariff king. He said India has reached out to him for a trade deal. Trump said this happened after he said that he will impose similar high tariff on import of Indian products.
"India, which is the tariff king -- they called us, and they say, 'We want to start negotiations immediately.' When Bob Lighthizer said, 'What happened? He would never do this.' They said, 'No, we want to keep your President happy.' Isn't that nice? Isn't that nice? It's true. They have to keep us happy because they understand that we're wise to what's been happening," Trump had said.
Trump, however, said that he has a good relationship with India.
"My relationship with India is great, with Prime Minister (Narendra) Modi is great. They're going to start doing a lot. They've already called us to make a deal. We didn't even call them. They called us to make a deal, which is, like, shocking to people," said the US President.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)