
Trump says India trade deal coming along great
U.S. President Donald Trump has said that trade negotiations with India are progressing well and expressed optimism about reaching an agreement.
“India’s coming along great,” Trump told reporters while en route to a rally in Michigan, where he was marking the first 100 days of his second presidential term. “I think we’ll have a deal with India… they want to make a deal.”
Though Trump sounded confident, he did not provide a specific timeline. Meanwhile, Treasury Secretary Scott Bessent, who is leading the U.S. negotiations with several Asian nations, indicated that India may be the first to sign a trade agreement under the current administration’s strategy.
Bessent described a deal with India as a possible model outcome of Trump’s aggressive tariff policies, which included reciprocal levies imposed on most of America’s trading partners. India was initially hit with a 26% import tariff, but that rate has been temporarily reduced to 10% for 90 days.
Unlike China, India refrained from retaliatory tariffs and instead moved quickly to initiate trade discussions. This approach, Bessent suggested, positioned India as a top candidate for an early deal.
“I would guess that India would be one of the first trade deals we would sign,” Bessent said in an interview with CNBC, adding that the first agreement could be finalized this week or next.
Although the full details of the potential deal have not been disclosed, U.S. officials are reportedly expecting significant reductions in Indian tariffs on imported automobiles—a key demand from Washington in past trade discussions.