US President Donald Trump has expressed optimism about a trade agreement with India and said that his country is “looking for a complete trade barrier that is unimaginable” and is not sure that this is going to happen.
“India, I think we are going to reach a deal where we have the right to go and trade. Now, it is banned. You can’t walk there, you can’t even think about it. We are looking to give up a complete business barrier. Which is unimaginable, which is going to happen, but as a moment, we make a deal.”
He said, “In the next one and a half weeks at a certain point, or perhaps before we are going to send a letter and will talk to many other countries. We are going to tell them what they have to pay to trade with America,” he said.
He was responding to a query on the US mutual tariff deadline.
Trump said on Thursday (US local time) that the US has signed an agreement with China and indicated that a “huge” deal with India would be soon.
Trump commented on speaking at the Big Beautiful Bill event.
Pointing to the business deals, in his speech, Trump said, “Everyone wants to make a deal and a part of it. Remember a few months ago, the press was saying,” You really have any interest? Well, we have signed with China yesterday. We are doing some great deals. We are doing some great deals. We are coming to one, perhaps we are very big with India. We are starting to open India where we are working in China. “
Trump said that deals will not be done with every other nation.
“We are not going to deal with everyone. Some we are going to send them just one letter, say that you very much. You want to pay 25, 35, 45 percent. It’s an easy way to do, and my people don’t want to do so. They want to do some of it, but they want to do more deals,” they said.
“But we are doing some great deals. We are coming to us, perhaps with India. Very big. Where we are going to open India, in China’s deal, we are starting to open China. Things that could never happen, and the relationship with every country has been very good” he said.
However, Trump did not explain the details of the deal signed with China.
Earlier in June, CNN reported that the United States and China arrived at a new trade agreement, the revived conditions were first agreed in Geneva last month, leading to a virtual stagnation in bilateral trade after increasing tension.
Earlier this month, speaking at the US-India Strategic Partnership Forum, US Commerce Secretary Howard Lutnik said that a trade deal between India and the United States may soon be finalized, both countries are getting common base which is in line with their interests.
“I think there is a very, very good place, and you are not between the United States and India in the future, because I think we have found a place that actually works for the two countries.”
Asked if he was hopeful about the result, Lutnik said he was “very optimistic,” and said, “it could be the way I could come,” he said.
Union Commerce and Industry Minister Piyush Goyal said on June 10 that India and America were in the process of interacting on a fair and justified trade agreement that would benefit both economies.
Addressing a press conference on the Indo-US trade deal and future trade agreement with the European Union, Piyush Goyal said, “PM Narendra Modi and US President Trump met in February 2025 … Our two leaders have decided to enter a bilateral trade agreement, which will be transferable for both meanings, business for both countries and both countries.
Piyush Goyal said that both the US and India are “very close friends, ally and strategic partners”, saying that the business deal is an opportunity to expand bilateral trade and strengthen partnerships between the two countries.
The India and the United States remains important as a significant 9 July deadline as the 90-day tariff poster is attracted to a close.
Government sources had earlier emphasized that India’s national interest would remain paramount in the ongoing conversation, even the two nations work intensively to reach an interim deal before the end of the deadline.
The dialogue had hit the obstacles, the US maintained its demands for very low duties on American agriculture and dairy products, as well as genetically modified (GMO) with market access to crops.
Citing concerns over food security, environmental protection and welfare of its domestic agriculture sector, the Indian is not clearly curious about these proposals. (AI)