US President Donald Trump has said that he expects India to significantly reduce tariffs. In an interview with a news channel, Trump said that he shares a good relationship with India. However, he emphasized that he would proceed with his plan to impose a reciprocal tariff rate starting April 2.

When asked about the India-Middle East-Europe Economic Corridor (IMEC), Trump described it as a collaboration of wonderful nations uniting to counter countries that seek to harm the U.S. through unfair trade practices.

The IMEC was proposed during the 2023 G20 Summit in New Delhi. Along with India and the United States, Saudi Arabia, the European Union, the United Arab Emirates, France, Germany, and Italy signed a Memorandum of Understanding for the project. The corridor would include both sea and land routes, connecting India to Italy via the Middle East, with aspirations to extend across the Atlantic to the United States.