Trump says 'very big' trade deal coming up with India
Washington (PTI): US President Donald Trump said a "very big" trade deal is on cards with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries.
“We are having some great deals. We have one coming up, maybe with India. Very big one. Where we’re going to open up India," said Trump while speaking at the “Big Beautiful Bill” event at the White House on Friday.
The president said the US signed a trade deal with China. However, he did not elaborate on the details of the deal signed with China.
"Everybody wants to make a deal and have a part of it. Remember a few months ago, the press was saying, 'You really have anybody of any interest? Well, we just signed with China yesterday. We are having some great deals," he said.
"We're not gonna make deals with everybody. Some we are just gonna send a letter saying thank you very much, you are gonna pay 25, 35, 45 per cent. That's an easier way to do it," the president said.
Trump's remarks come as an Indian team headed by chief negotiator Rajesh Agarwal on Thursday arrived in Washington for the next round of trade talks with the US.
Both countries are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9.
The high tariffs announced by the US on April 2 were suspended by the Trump administration till July 9.
Agriculture and dairy sectors are difficult and challenging areas for India to give duty concessions to the US. India has not opened up dairy in any of its free trade pacts signed so far.
The US wants duty concessions on certain industrial goods, automobiles - especially electric vehicles, wines, petrochemical products, dairy, and agricultural items like apples, tree nuts, and genetically modified crops.
India is seeking duty concessions for labour-intensive sectors like textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas in the proposed trade pact.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Foreign Secretary Misri reviews defence, trade ties, West Asia with senior US officials
Washington (PTI): India's Foreign Secretary Vikram Misri met senior US officials here and discussed ways to further deepen the defence and trade relations and exchanged views on the developments in the Indo-Pacific and West Asia.
On a three-day visit here, Misri met under secretaries Michael Duffey and Elbridge Colby in the Department of Defence, and under secretaries Jeffrey Kessler and William Kimmitt in the Department of Commerce.
“Sustaining the momentum of India-US defence exchanges, Foreign Secretary Shri Vikram Misri had another wide ranging conversation with Under Secretary of War for Policy Elbridge Colby @USWPColby at the Pentagon, covering the ongoing developments in the Indo-Pacific region and West Asia,” the Indian Embassy in the US said in a post on X.
Colby visited India last month and met Misri in New Delhi on the sidelines of the India-US Defence Policy Group meeting.
Misri also had a “fruitful interaction” with Duffey, the Under Secretary in the Department of Defence for Acquisition and Sustainment, at the Pentagon near here.
“Foreign Secretary Shri Vikram Misri had a fruitful interaction with the Under Secretary of War for Acquisition and Sustainment Mike Duffey @USDASDuffey at the Pentagon,” the Indian Embassy said in another post on X.
The two principals discussed ways to further deepen the defence industrial, technology and supply chain linkages between India and the US, in line with the ambitious goals laid out in the Framework for the bilateral Major Defence Partnership signed last year, the embassy said.
Misri also met under secretaries Jeffrey Kessler and William Kimmitt in the Department of Commerce here.
Kessler is the Under Secretary for Bureau of Industry and Security, while Kimmitt is the Under Secretary for International Trade Administration.
“Foreign Secretary Shri Vikram Misri met Under Secretaries Jeffrey Kessler @BISgov and William Kimmitt @TradeGov to expand cooperation in commercial and critical technologies – key to transforming the India-US partnership for the 21st century. They also discussed building resilient and trusted supply chains,” the embassy said.
Misri is visiting the US to review bilateral trade and defence relations and discuss global developments, including the crisis in West Asia.
His visit comes as both the US and India work to stabilise the ties after a spell of uncertainty and strain.
The relations witnessed a major downturn after the US imposed punitive tariffs on India, and President Donald Trump made controversial assertions regarding his role in de-escalating the India-Pakistan military clashes last May.
