US President Donald Trump on Friday expressed hope that america would negotiate a commerce take care of India that may remove current limitations and permit better entry for American companies.
Trump added that the US needs an entire removing of commerce limitations, which he described as “unthinkable” and admitted he was undecided such a deal can be doable.
“India, I believe we’re going to attain a deal the place we’ve the proper to go and do commerce. Proper now, it is restricted. You possibly can’t stroll in there, you possibly can’t even give it some thought. We need to get a full commerce barrier dropping, which is unthinkable, and I’m not positive that that’s going to occur. However as of this second, we agree that going to India and commerce,” ANI reported, quoting Trump.
Trump additionally mentioned that throughout the subsequent week and a half, the US will ship letters to numerous international locations detailing the tariff charges they should pay.
“We have now made a take care of China… We have now 200 international locations plus. At a sure level over the following week and a half or so, or perhaps earlier than, we’re going to ship out a letter and discuss to many different international locations. We’re going to inform them what they should pay to do enterprise with the US,” ANI reported, quoting Trump.
He was responding to a question on US reciprocal tariff deadline.
Trump mentioned on Thursday (US native time) that America has signed a take care of China and hinted {that a} “very huge” take care of India will observe quickly. Trump made the remarks whereas talking on the Massive Stunning Invoice occasion.
In his speech hinting in direction of commerce offers, Trump mentioned, “Everyone needs to make a deal and have part of it. Bear in mind a couple of months in the past, the press was saying, ‘You actually have anyone of any curiosity? Nicely, we simply signed with China yesterday. We’re having some nice offers. We have now one arising, perhaps with India. Very huge one. The place we will open up India, within the China deal, we’re beginning to open up China.”
Trump asserted that offers won’t be made with each different nation.
“We’re not going to make offers with everyone. Some we’re simply going to ship them a letter, say thanks very a lot. You’re to pay 25, 35, 45 per cent. That is the simple solution to do it, and my folks do not wish to do it that approach. They wish to do a few of it, however they wish to make extra offers than I’d do,” he mentioned.
“However we’re having some nice offers. We have now one arising, perhaps with India. Very huge one. The place we will open up India, within the China deal, we’re beginning to open up China. Issues that by no means actually may have occurred, and the connection with each nation has been excellent” he added.
Nonetheless, Trump didn’t elaborate on the main points of the deal signed with China.
Earlier in June, CNN reported that america and China reached a brand new commerce settlement, reviving phrases first agreed to in Geneva final month, after escalating tensions led to a digital halt in bilateral commerce.
Earlier this month, whereas talking on the US-India Strategic Partnership Discussion board, US Secretary of Commerce Howard Lutnick mentioned {that a} commerce deal between India and america might be finalised quickly, with each international locations discovering frequent floor that fits their pursuits.
“I believe to be in a really, excellent place, and you must count on a deal between america and India within the not-too-distant future as a result of I believe we discovered a spot that actually works for each international locations.”
When requested if he was hopeful concerning the end result, Lutnick mentioned he was “very optimistic,” and added, “It might be type of the way in which I come throughout,” he mentioned.
Union Commerce and Trade Minister Piyush Goyal mentioned on June 10 that India and the US had been within the means of negotiating a good and equitable commerce settlement that may profit each economies.
Addressing a press convention over India-US commerce deal and Future commerce settlement with the European Union, Piyush Goyal mentioned, “PM Narendra Modi and US President Trump met in February 2025…Each our leaders have determined to enter right into a bilateral commerce settlement which will probably be mutually helpful for each the economies, companies on each side and the folks of each international locations. We’re negotiating to make a pleasant, truthful, equitable and balanced settlement to advertise enterprise.”
Highlighting that each America and India are “very shut associates, allies and strategic companions”, Piyush Goyal mentioned that the commerce deal is a chance to broaden bilateral commerce and strengthen the partnership between the 2 nations.
About two weeks stay earlier than the important July 9 deadline as India and america negotiate challenges in finalising their Bilateral Commerce Settlement (BTA) because the 90-day tariff pause interval attracts to a detailed.
Authorities sources earlier emphasised that India’s nationwide pursuits will stay paramount in ongoing negotiations, at the same time as each nations work intensively to achieve an interim deal earlier than the deadline expires.
The negotiations had hit roadblocks, with the US sustaining its calls for for considerably diminished duties on American agricultural and dairy merchandise, together with market entry for genetically modified (GMO) crops.
India isn’t eager on these proposals, citing considerations over meals safety, environmental safety, and the welfare of its home farming sector.
(With ANI inputs)