Tariff talks with India going great, think will have deal: Trump

President Donald Trump said on Tuesday that the United States will soon have a trade deal with India.

“India’s coming along great. I think we’ll have a deal with India,” Trump told reporters aboard Air Force One on his way to Michigan, where he was travelling to deliver a public address on the occasion of 100 days of his administration.

Earlier in the day, Treasury Secretary Scott Bessent told reporters that things are moving in the right direction on trade deal with India.

“The India negotiations are moving well,” Bessent told reporters at a White House news conference, adding that the two countries are very close to finalising a trade deal.

“I think that we are very close on India. And in India, just a little inside baseball, India, in a funny way, is easier to negotiate with than many other countries because they have very high tariffs and lots of tariffs,” Bessent said in response to a question.

“It is much easier to confront the direct tariffs as we go through these unfair trade deals that have been put in over decades, that the non-tariff trade barriers can be much more insidious and also harder to detect. So a country like India which has the posted and ready tariffs, it’s much easier to negotiate with them. So I think the India negotiations are moving well,” he said.

The Treasury Secretary was responding questions on the progress on trade deals with Asian countries like India, Japan, S Korea.

“Can you outline the timeline for when you think some of these deals, particularly with your Asian countries like India, Japan, South Korea, you may have an announcement?” he was asked.

“I’m glad you brought up our Asian trading partners and allies. They have been the most forthcoming in terms of doing the deals. Vice President Vance was in India last week. I think that he and Modi made some very good progress, so I could see some announcements on India. I could see the contours of a deal with the Republic of Korea coming together, and then we’ve had substantial talks with the Japanese,” Bessent said.

(Courtesy: www.5wh.com)

World