Indian media outlet Mint is reporting that New Delhi and Washington are nearing an agreement that would reduce US tariffs on Indian goods from 50 percent down to around 15 percent.
00:00India and the U.S. are reportedly close to signing a trade deal.
00:04The Mint newspaper reports that this deal would reduce U.S. tariffs on Indian goods from 50 percent down to around 15 percent.
00:12The paper cited three people aware of the matter and said the final trade agreement would likely be announced at the ASEAN summit next week.
00:19Neither government has confirmed the report, but U.S. President Donald Trump said he spoke with Indian Prime Minister Narendra Modi this week about trade.
00:27I just spoke to your Prime Minister today. We had a great conversation.
00:32We talk about trade. We talk about a lot of things, but mostly the world of trade. He's very interested in that.
00:40Trump also said that the countries are working on some great deals without specifying what those deals are.
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