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Many believe this tariff relief won't be the 'miracle' they need, as long as international trade lobbies continue to exploit policy gaps.
Trump also reiterated his claim that he stopped the war between India and Pakistan in May by using trade.
India and Pakistan's foreign ministries did not immediately respond to requests for comment on Trump's remarks.
The Canadian government had no immediate comment.
Both countries may not be close to sealing a trade deal to bring their own US tariffs.
His statements came after he once again claimed that Prime Minister Narendra Modi reassured him that India would stop buying Russian oil.
These tariffs may come at a cost for Washington's diplomacy as the European Union, China, and Turkiye also import energy from Russia.
RBI interest rates remain unchanged as the Reserve Bank of India holds interest rates steady, awaiting further clarity on US tariffs and domestic policy impacts.
It was not immediately clear what legal authority Trump would use to impose a 100 per cent tariff on foreign-made films
Trump also said he would start charging a 50% tariff on kitchen cabinets and bathroom vanities and a 30% tariff on upholstered furniture, with all the new duties to take effect from October 1.
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