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President Trump hinted that ongoing negotiations for an interim trade deal with India are on track and could be finalised soon, aiming to give US companies more access.
US close to making deal with India, says Trump (Reuters File Image)
US President Donald Trump has once again hinted that the ongoing negotiations between India and the US for a much-anticipated interim trade deal are on track and it could be finalised soon.
During a bilateral meeting with the Crown Prince and Prime Minister of Bahrain at the White House, the US President hinted at the announcement of the trade deal saying “maybe” another deal is on the horizon.
“We had one (deal) yesterday. We have another one coming up, maybe with India….,” Trump said.
#WATCH | Washington DC | US President Donald Trump says, “…We have another one (deal) coming up, maybe with India… We’re very close to a deal with India where they open it up…”“… We’ve brought in over $100 billion. The tariffs haven’t kicked in that much, other than… pic.twitter.com/JD2FPiYcFM
— ANI (@ANI) July 16, 2025
The remarks came a day after Trump told the press that his administration was working with India on “similar lines” with Indonesia.
Greater Access To Indian Market
Earlier today, Trump said the proposed deal could provide American companies greater access to the Indian market in line with the trade pact between the US and Indonesia. India and the US have been holding negotiations for the trade pact primarily to keep the tariffs below 20 per cent.
Under the trade deal, Indonesia is giving the US access to the country, which we never had, Trump said.
“That’s probably the biggest part of the deal…India is basically working along that same line. We are going to have access to India,” he said.
Washington has already sent letters to several countries sharing details of reciprocal tariff rates that would come into effect on August 1.
Meanwhile, an Indian Commerce Ministry team is in Washington for another round of talks on the proposed trade agreement. India has hardened its position on the US demand for duty concessions on agri and dairy products. New Delhi has, so far, not given any duty concessions to any of its trading partners in a free trade agreement in the dairy sector.
(With inputs from agencies)
Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben…Read More
Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben… Read More
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