India among countries willing to lower tariffs, trade barriers under Trump’s technique: US trade rep Jameson Greer

President Donald Trump’s trade consultant has claimed that India is among a bunch of countries now planning to lower tariffs, following the imposition of sweeping new trade measures by the Trump administration. Speaking to the Senate Finance Committee, Trump’s Trade Representative Jameson Greer defended the president’s determination to declare a nationwide emergency on trade and stated early indicators recommend the technique is beginning to ship outcomes.
“Our average tariff on agricultural goods is 5%, but India’s average tariff is 39%,” Greer instructed senators. “You understand the trend here.” He cited India as one in every of a number of nations—together with Argentina, Vietnam and Israel—which have expressed willingness to minimize each tariff and non-tariff barriers under Trump’s push for “reciprocity” in trade.
“Nearly 50 countries have approached me personally to discuss the President’s new policy and explore how to achieve reciprocity. And they’ve spoken with many members of the administration. Several of these, such as Argentina, Vietnam, India and Israel, have suggested that they will reduce their tariffs and non tariff barriers in line with the President’s policy,” he stated.
Greer stated the large US trade deficit and the collapse of producing weren’t accidents, however the results of “non-reciprocal tariffs, trading barriers and other economic policies pursued by our foreign trading partners”. He described these practices as a “national security emergency” that had severely harm the American working class.
He warned that the scenario had reached a tipping level, with the US shedding 5 million manufacturing jobs and 90,000 factories since 1994. Even in agriculture, the place America historically ran a surplus, the trade stability was in deficit within the last two years of the Biden administration.

As a part of a broad overhaul, Trump has carried out a worldwide baseline tariff and tightened duties on metal, aluminium, autos and elements not made within the US. Greer stated that just about 50 countries had reached out to talk about these insurance policies. “Several of these… have suggested that they will reduce their tariffs… in line with the President’s policy,” he stated.
Markets, nevertheless, stay risky. While Trump insists his tariffs are a vital device to carry jobs again to the US, Wall Street has reacted sharply, with main indices struggling large swings. As tariffs on China and others kick in, buyers are unsure whether or not this method is a negotiating tactic or a everlasting shift.
Still, Trump’s trade workforce insists they’re open to talks. “If you have a better idea to achieve reciprocity and to get our trade deficit down, we want to negotiate with you,” Greer stated.
Wall Street tumbles as Trump’s tariff deadline spooks buyers
US shares plunged Tuesday after a day of maximum market swings, triggered by mounting uncertainty over President Trump’s escalating trade battle. The S&P 500 surged early with a 4.1% achieve, solely to reverse sharply and shut down 2.6%, placing it almost 20% under its February excessive. The Dow shed 683 factors after giving up a 1,460-point rally, whereas the Nasdaq dropped 3.2%. Markets had rallied globally earlier within the day, however sentiment soured because the clock ticked towards midnight, when a brand new wave of U.S. tariffs was set to take impact. Trump has dominated out exemptions, in accordance to U.S. Trade Representative Jamieson Greer, intensifying fears of additional financial fallout and world market instability.