US President Donald Trump has suggested the possibility of a major trade deal with India, following the finalisation of a key agreement with China. His remarks came during a speech at the 'Big Beautiful Event' at the White House on June 26, 2025, a day after the China pact was signed.
Addressing a crowd, Trump stated that the US had signed a trade deal with China on June 25, 2025. Without revealing full details, he noted global interest in engaging economically with the US and hinted that India may be the next major partner.
As per news reports, He said, “We have one coming up, maybe with India. A very big one. Where we’re going to open up India. In the China deal, we are starting to open up China.”
Trump emphasised that the upcoming trade discussions with India could lead to a mutually beneficial agreement.
Trump underlined that future trade deals would not be signed indiscriminately. He suggested that some nations may instead face increased tariffs ranging from 25% to 45% if no agreements are reached. This reflects a focused strategy of pursuing selective and high-value trade engagements, rather than blanket agreements with multiple countries.
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Earlier this month, negotiators from the US and India concluded a four-day closed-door discussion aimed at resolving trade barriers and enhancing market access.
The US delegation was led by the Office of the US Trade Representative, while India's was headed by Commerce Ministry official Rajesh Agrawal. Discussions included tariff reductions, regulatory harmonisation, and greater access in the agriculture and industrial sectors.
The core objective of the evolving trade deal is to expand annual bilateral trade from the current $190 billion to $500 billion by 2030. Union Commerce Minister Piyush Goyal affirmed the intent of both nations to reach a fair and balanced agreement, highlighting the alignment of interests at the leadership level. US Secretary of Commerce Howard Lutnick also confirmed progress and mutual alignment on key concerns.
With a China trade deal in place, the US has turned its focus toward India for a potentially transformative trade agreement. While no final timeline has been announced, the strategic alignment and mutual economic goals signal strong potential for a significant breakthrough in the near future.
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Published on: Jun 27, 2025, 1:05 PM IST
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