President Donald Trump said on Thursday that India has offered to eliminate tariffs on the United States as part of a potential trade deal. If that comes to pass, it could represent a significant breakthrough with an increasingly important US trading partner.

President Trump said India has made an offer to drop tariffs on US goods as part of ongoing trade negotiations.

Platforms that have invested heavily in Indian originals with cross-border appeal may face cost escalation unless they can restructure their productions with a US co-production or find other workarounds.