'India is going to drop tariffs substantially': Trump ahead of 'Liberation Day' deadline

“I think a lot of [countries] will drop their tariffs because they’ve been unfairly tariffing the United States for years. If you look at the European Union on cars, the European Union already dropped their tariff to 2.5%. It was announced a couple of days ago. A very small tariff. The United States charged very little," Mr. Trump said while responding to questions in the Oval Office on Monday.

"I think I heard that India, just a little while ago, is going to be dropping its tariffs very substantially. I said, why didn't somebody do this a long time ago. A lot of countries are going to be dropping their tariffs,” Mr. Trump said.

It said the high tariffs imposed by other countries made it "virtually impossible” for U.S. products to be imported into those nations.