In an interview to Fox News, Trump, however, said that he is not in a "rush" for the proposed trade deal

Against the backdrop of the US president's repeated claim of India offering to drop all tariffs on American goods, External Affairs Minister S Jaishankar said in New Delhi on Thursday that "any trade deal has to be mutually beneficial"

Trump again described India as "one of the highest tariff nations in the world"

"They make it almost impossible to do business. Do you know that they're willing to cut 100 per cent of their tariffs for the United States?" Trump said

When asked if the deal with India is coming soon, Trump said, "that'll come soon. I'm in no rush. Look, everybody wants to make a deal with us"

Then he went on to add: "South Korea wants to make a deal but I'm not going to make deals with everybody. I'm just going to set the limit. I'll make another some deals. Because I can't, you can't meet with that many people. I've got 150 countries that want to make deals"

India and the US are holding talks to firm up a trade deal

On Thursday, Jaishankar said trade talks have been going on between India and the US

"These are complicated negotiations. Nothing is decided till everything is. Any trade deal has to be mutually beneficial; it has to work for both countries," he said