US President Donald Trump on Tuesday (local time) said the USA and India will quickly finalise a trade lists that led fairer competition between the two countries. The US-India Trade Deal help American organizations compete in the South Asian market, Reuters said.
“I suppose we’re going to have a address India, and it’s going as different type of deal,” Trump said. “It will allow us to compete. Right now, India doesn’t take delivery of everyone in. But if that modifications, we’ll have a address much less tariffs.”
US-India trade deal progress confirmed by US Treasury
Earlier, US Treasury Secretary Scott Bessent instructed Fox News that Washington and New Delhi are close to reaching a deal that reduce price lists on American goods entering India and help the South Asian state keep away from steep tariff hikes late next week. “We are close with India,” Bessent stated while requested around the status about the continued trade talks.
Trade talks earlier before July 9 closing date
US-India Trade Deal related talks conducts earlier to finalise a Bilateral Trade Agreement (BTA) before the crucial July 9 last date, which marks the end of a 90-day pause on proposed tariff escalations.
The Indian delegation, led by Chief Negotiator Rajesh Agrawal, has prolonged its stay in Washington. Talks initially scheduled for Thursday and Friday, however, they extended as both parties push to finalise an interim agreement.