U.S. President Donald Trump on Thursday said a ‘very big trade deal’ might be signed with India soon.
Trump’s remark came days after negotiators from both nations held closed-door talks on the agreement.
‘Trade Deal Soon’
Speaking at the ‘Big Beautiful Event’ at the White House, Trump was quoted as saying: “We are having some great deals. We have one coming up, maybe with India. Very big one. Where we’re going to open up India, in the China deal, we are starting to open up China.”
He said America has signed a deal with China.
Trump said, “Everybody wants to make a deal and have a part of it. Remember a few months ago, the press was saying, ‘You really have anybody of any interest?’ Well, we just signed with China yesterday. We are having some great deals.”
Not With All Nations
Trump, however, asserted the US will not sign a trade deal with all nations.
“We’re not going to make deals with everybody. Some we are just going to send them a letter, say thank you very much. You are to pay 25, 35, 45 per cent,” Trump said.
Trump did not mention the specific features of the deal with China.
Donald Trump’s ‘reciprocal tariff’ is scheduled to take effect on July 9.
Piyush Goyal’s Earlier Comment
Reacting to the India-U.S. trade deal issue, Indian Commerce Minister Piyush Goyal told The Hindu earlier this month: “We are in continuous dialogue. I have always been an optimist.”
Expressing optimism, he further said: “I’m very confident that, given that the U.S. and India are very friendly countries, trusted partners, both wanting to have resilient, reliable, trusted supply chains, both vibrant democracies, we will be able to come up with a win-win for the businesses of both countries.”
(With inputs from IBNS)
