US President Donald Trump said on Thursday (US local time) that the US has signed an agreement with China and indicated that the “very big” 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. One is coming to us, perhaps with India. Very big. Where we are going to open India, in the deal of China, we are starting to open China. Things that could never happen, and the relationship with every country has been very good.”
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.
Trade Trus gave temporary relief due to tariff hike and increasing uncertainty for global markets, businesses and consumers.
President Donald Trump first announced on the truth that the “deal” was completed, confirming that the two countries would reduce export sanctions. “Our deal is made with China,” Trump posted in the all-cap, saying that China “full magnets, and any essential rare earth … will supply the front,” according to the Geneva Framework.
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.
Meanwhile, on June 10, Union Commerce and Industry Minister Piyush Goyal said 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. (AI)
