U.S. President Donald Trump said Monday that his administration is considering reducing tariffs on imports from India and Switzerland as trade negotiations advance, even as the Supreme Court reviews a case that could challenge his authority to impose such duties.
Trump noted that India, which currently faces tariffs as high as 50% on goods exported to the United States, has "curtailed" its purchases of Russian oil and may see tariff relief as a result. "We’re gonna to be bringing the tariffs down on India," he said during remarks at the Oval Office.
He also stated that Washington is "working on something" with Switzerland, whose exports face a 39% tariff. "We hit Switzerland very hard. We want Switzerland to remain successful," he said, referring to the European country’s robust economy built on pharmaceuticals, banking, and watchmaking.
The Trump administration first imposed 50% tariffs on Indian goods in August after New Delhi’s firm stance against Washington’s push to halt Russian oil imports, citing Western sanctions imposed since the 2022 invasion of Ukraine as the primary reason for the duties.
