In a big diplomatic signal, ex-U.S. President Donald Trump hinted at a possible trade deal with India, indicating that the negotiations are underway and a conclusion could be made soon. The announcement comes during intense discussions and adjustment of trade and tariffs with various countries. Donald Trump New Trade Deal With India On Tariff Deadline .
At a bilateral meeting in the White House, Trump said:
“We have another deal coming up, maybe with India… We are in negotiation. When I send a letter, that is a deal.”
He said it will be a deal giving more market access to U.S. companies in India, like it did with the recent U.S.-Indonesia trade agreement. Trump asserts American businesses could get “full access into India,” similar to the terms won in the U.S.-Indonesia deal.
Highlights of the Deal:
Tariffs: The deal aims to keep tariffs below 20%, especially on steel, aluminium and automobiles3.
Market access: U.S. companies could get greater entry into Indian markets, especially for agriculture and dairy—although India has been cautious in making concessions in these areas.
Reciprocal tariffs: Washington has sent letters to multiple countries with reciprocal tariff rates that will become effective on 1 August 2025.
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India’s Stand
India has been firm with its stand:
Commerce Minister Piyush Goyal stated India would not hurry into any agreement, and only accepts what is fully finalized and in the national interest.
It seeks withdrawal of extra tariffs (26%) and relief on duties for crucial exports.
What’s Next?
An Indian Commerce Ministry delegation is in Washington for further talks.
The outcome will go a long way in shaping the future of U.S.-India trade relations in context to global shifts in tariffs and strategic partnerships.
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