In 2024, Indian goods faced an average effective tariff of 17.4 percent in the US—lower than what Bangladesh (19.9 percent), Pakistan (18.1 percent), and Sri Lanka (19.2 percent) faced.

The president also touted agreements over hundreds of billions of dollars in foreign investment into the United States.

The president said Wednesday that imports from India would be subject to a 25 percent tariff as of Friday, as trade talks between the countries hit a stumbling block.