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Trump: ‘I think we'll have a deal with India' on tariffs and trade

U.S. President Donald Trump speaks to the media before boarding Marine One as he departs for Michigan to attend a rally to celebrate his first 100 days in office, from the South Lawn of the White House in Washington, D.C., U.S., April 29, 2025.
Leah Millis | Reuters
  • President Donald Trump says he believes the U.S. will have a deal with India on trade.
  • Treasury Secretary Scott Bessent also says the U.S. might be closing in on a trade deal with the world's most populous country.
  • The White House has also had "substantial talks" with Japan, and "the contours of a deal" with South Korea could be coming together, Bessent says.
U.S. President Donald Trump speaks to the media before boarding Marine One as he departs for Michigan to attend a rally to celebrate his first 100 days in office, from the South Lawn of the White House in Washington, D.C., on April 29, 2025.
Leah Millis | Reuters
U.S. President Donald Trump speaks to the media before boarding Marine One as he departs for Michigan to attend a rally to celebrate his first 100 days in office, from the South Lawn of the White House in Washington, D.C., on April 29, 2025.

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President Donald Trump said Tuesday that tariff negotiations with India are "coming along great," and he thinks the U.S. will strike a trade deal with the country.

"I think we'll have a deal with India," Trump said during brief remarks to reporters outside the White House. "The prime minister, as you know, was here three weeks ago, and they want to make a deal." India's prime minister, Narendra Modi, in late February.

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Trump's comments come after Treasury Secretary Scott Bessent said the U.S. was "very close on India."

Speaking at a White House press briefing, Bessent said the administration has also held "substantial talks" with over a possible trade deal, and that "the contours of a deal" with could be coming together.

Vice President met last week with Modi. The two leaders "made some very good progress, so I could see some announcements on India," Bessent said. He did not provide a specific timeline.

"A country like India, which has the posted and ready tariffs, it's much easier to negotiate with them," he added.

Raghuram Rajan, an economist and finance professor at the University of Chicago Booth School of Business, said "India benefits hugely if it can negotiate tariffs to a much lower level, even while some other countries have it at a higher level."

"It may cause a lot of companies to look at India in a new light, especially given the large Indian domestic market," Rajan said Tuesday on C온라인카지노사이트.

The White House has been working to secure with partners in the weeks since Trump's sweeping tariffs announcement.

"We have 18 important trading relationships, we will be speaking to all of those partners, or at least 17 of them, over the next few weeks. Many of them have already come to Washington," Bessent said.

He said later during the briefing that trading relationships with 17 partners "are in motion," a list that excludes China.

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