Speaking to reporters in the Oval Office, Donald Trump on Wednesday indicated he had received inputs suggesting India plans to lower tariffs on certain goods.

"He's not using trade and tariff policy to protect workers—he's wielding reckless and unstrategic tariff threats as a cudgel to push more antidemocratic deals that benefit his corporate cronies."

U.S. Treasury Secretary Scott Bessent said on Wednesday that he believes that excessively high tariffs between the U.S. and China will have to come down before trade negotiations can proceed but said President Donald Trump would not unilaterally cut tariffs on Chinese imports.