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India Gazette
a day ago
- Business
- India Gazette
"I think we are going to reach a deal with India, we are looking to get a full trade barrier dropping...": Donald Trump
Washington DC [US], June 27 (ANI): US President Donald Trump has expressed optimism about a trade deal with India and said his country is looking for 'full trade barrier dropping which is unthinkable' and that he is not sure that that is going to happen. 'India, I think we are going to reach a deal where we have the right to go and do trade. Right now, it's restricted. You can't walk in there, you can't even think about it. We are looking to get a full trade barrier dropping, which is unthinkable and I am not sure that that is going to happen. But as of this moment, we agree that going to India and trade...' 'We have made a deal with have 200 countries plus,' Trump told reporters here. 'At a certain point over the next week and a half or so, or maybe before we are going to send out a letter and talk to many other countries. We are going to tell them what they have to pay to do business with the US,' he added. He was responding to a query on US reciprocal tariff deadline. Trump said on Thursday (US local time) that America has signed a deal with China and hinted that a 'very big' deal with India will follow soon. Trump made the remarks while speaking at the Big Beautiful Bill event. In his speech hinting towards trade deals, Trump said, '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. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China.' Trump asserted that deals will not be made with every other nation. 'We're not going to make deals with everybody. Some we are just going to send them a letter, say thank you very much. You are to pay 25, 35, 45 per cent. That's the easy way to do it, and my people don't want to do it that way. They want to do some of it, but they want to make more deals than I would do,' he said. 'But we're having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we're starting to open up China. Things that never really could have happened, and the relationship with every country has been very good' he added. However, Trump did not elaborate on the details of the deal signed with China. Earlier in June, CNN reported that the United States and China reached a new trade agreement, reviving terms first agreed to in Geneva last month, after escalating tensions led to a virtual halt in bilateral trade. Earlier this month, while speaking at the US-India Strategic Partnership Forum, US Secretary of Commerce Howard Lutnick said that a trade deal between India and the United States could be finalised soon, with both countries finding common ground that suits their interests. 'I think to be in a very, very good place, and you should expect a deal between the United States and India in the not-too-distant future because I think we found a place that really works for both countries.' When asked if he was hopeful about the outcome, Lutnick said he was 'very optimistic,' and added, 'It could be sort of the way I come across,' he said. Union Commerce and Industry Minister Piyush Goyal said on June 10 that India and the US were in the process of negotiating a fair and equitable trade agreement that will benefit both economies. Addressing a press conference over India-US trade deal and Future trade agreement with the European Union, Piyush Goyal said, 'PM Narendra Modi and US President Trump met in February our leaders have decided to enter into a bilateral trade agreement which will be mutually beneficial for both the economies, businesses on both sides and the people of both countries. We are negotiating to make a nice, fair, equitable and balanced agreement to promote business.' Highlighting that both America and India are 'very close friends, allies and strategic partners', Piyush Goyal said that the trade deal is an opportunity to expand bilateral trade and strengthen the partnership between the two nations. About two weeks remain before the critical July 9 deadline as India and the United States negotiate challenges in finalising their Bilateral Trade Agreement (BTA) as the 90-day tariff pause period draws to a close. Government sources earlier emphasised that India's national interests will remain paramount in ongoing negotiations, even as both nations work intensively to reach an interim deal before the deadline expires. The negotiations had hit roadblocks, with the US maintaining its demands for substantially reduced duties on American agricultural and dairy products, along with market access for genetically modified (GMO) crops. Indian is apparently not keen on these proposals, citing concerns over food security, environmental protection, and the welfare of its domestic farming sector. (ANI)
NDTV
a day ago
- Business
- NDTV
"I Think We Are Going To Reach A Deal": Trump On Trade Deal With India
US President Donald Trump has expressed optimism about a trade deal with India and said his country is looking for "full trade barrier dropping which is unthinkable" and that he is not sure that that is going to happen. "India, I think we are going to reach a deal where we have the right to go and do trade. Right now, it's restricted. You can't walk in there, you can't even think about it. We are looking to get a full trade barrier dropping, which is unthinkable and I am not sure that that is going to happen. But as of this moment, we agree that going to India and trade..." "We have made a deal with have 200 countries plus," Trump told reporters here. "At a certain point over the next week and a half or so, or maybe before we are going to send out a letter and talk to many other countries. We are going to tell them what they have to pay to do business with the US," he added. He was responding to a query on US reciprocal tariff deadline. Trump said on Thursday (US local time) that America has signed a deal with China and hinted that a "very big" deal with India will follow soon. Trump made the remarks while speaking at the Big Beautiful Bill event. In his speech hinting towards trade deals, Trump said, "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. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China." Trump asserted that deals will not be made with every other nation. "We're not going to make deals with everybody. Some we are just going to send them a letter, say thank you very much. You are to pay 25, 35, 45 per cent. That's the easy way to do it, and my people don't want to do it that way. They want to do some of it, but they want to make more deals than I would do," he said. "But we're having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we're starting to open up China. Things that never really could have happened, and the relationship with every country has been very good" he added. However, Trump did not elaborate on the details of the deal signed with China. Earlier in June, CNN reported that the United States and China reached a new trade agreement, reviving terms first agreed to in Geneva last month, after escalating tensions led to a virtual halt in bilateral trade. Earlier this month, while speaking at the US-India Strategic Partnership Forum, US Secretary of Commerce Howard Lutnick said that a trade deal between India and the United States could be finalised soon, with both countries finding common ground that suits their interests. "I think to be in a very, very good place, and you should expect a deal between the United States and India in the not-too-distant future because I think we found a place that really works for both countries." When asked if he was hopeful about the outcome, Lutnick said he was "very optimistic," and added, "It could be sort of the way I come across," he said. Union Commerce and Industry Minister Piyush Goyal said on June 10 that India and the US were in the process of negotiating a fair and equitable trade agreement that will benefit both economies. Addressing a press conference over India-US trade deal and Future trade agreement with the European Union, Piyush Goyal said, "PM Narendra Modi and US President Trump met in February our leaders have decided to enter into a bilateral trade agreement which will be mutually beneficial for both the economies, businesses on both sides and the people of both countries. We are negotiating to make a nice, fair, equitable and balanced agreement to promote business." Highlighting that both America and India are "very close friends, allies and strategic partners", Piyush Goyal said that the trade deal is an opportunity to expand bilateral trade and strengthen the partnership between the two nations. About two weeks remain before the critical July 9 deadline as India and the United States negotiate challenges in finalising their Bilateral Trade Agreement (BTA) as the 90-day tariff pause period draws to a close. Government sources earlier emphasised that India's national interests will remain paramount in ongoing negotiations, even as both nations work intensively to reach an interim deal before the deadline expires. The negotiations had hit roadblocks, with the US maintaining its demands for substantially reduced duties on American agricultural and dairy products, along with market access for genetically modified (GMO) crops. Indian is apparently not keen on these proposals, citing concerns over food security, environmental protection, and the welfare of its domestic farming sector.
India.com
a day ago
- Business
- India.com
We Are Looking To Get Full Trade Barrier Dropping, Trump On India Trade Deal
US President Donald Trump on Friday expressed hope that the United States would negotiate a trade deal with India that would eliminate existing barriers and allow greater access for American businesses. Trump added that the US wants a complete removal of trade barriers, which he described as "unthinkable" and admitted he was not sure such a deal would be possible. "India, I think we are going to reach a deal where we have the right to go and do trade. Right now, it's restricted. You can't walk in there, you can't even think about it. We are looking to get a full trade barrier dropping, which is unthinkable, and I am not sure that that is going to happen. But as of this moment, we agree that going to India and trade," ANI reported, quoting Trump. Trump also said that within the next week and a half, the US will send letters to various countries detailing the tariff rates they will have to pay. "We have made a deal with China... We have 200 countries plus. At a certain point over the next week and a half or so, or maybe before, we are going to send out a letter and talk to many other countries. We are going to tell them what they have to pay to do business with the US," ANI reported, quoting Trump. He was responding to a query on US reciprocal tariff deadline. Trump said on Thursday (US local time) that America has signed a deal with China and hinted that a "very big" deal with India will follow soon. Trump made the remarks while speaking at the Big Beautiful Bill event. In his speech hinting towards trade deals, Trump said, "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. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China." Trump asserted that deals will not be made with every other nation. "We're not going to make deals with everybody. Some we are just going to send them a letter, say thank you very much. You are to pay 25, 35, 45 per cent. That's the easy way to do it, and my people don't want to do it that way. They want to do some of it, but they want to make more deals than I would do," he said. "But we're having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we're starting to open up China. Things that never really could have happened, and the relationship with every country has been very good" he added. However, Trump did not elaborate on the details of the deal signed with China. Earlier in June, CNN reported that the United States and China reached a new trade agreement, reviving terms first agreed to in Geneva last month, after escalating tensions led to a virtual halt in bilateral trade. Earlier this month, while speaking at the US-India Strategic Partnership Forum, US Secretary of Commerce Howard Lutnick said that a trade deal between India and the United States could be finalised soon, with both countries finding common ground that suits their interests. "I think to be in a very, very good place, and you should expect a deal between the United States and India in the not-too-distant future because I think we found a place that really works for both countries." When asked if he was hopeful about the outcome, Lutnick said he was "very optimistic," and added, "It could be sort of the way I come across," he said. Union Commerce and Industry Minister Piyush Goyal said on June 10 that India and the US were in the process of negotiating a fair and equitable trade agreement that will benefit both economies. Addressing a press conference over India-US trade deal and Future trade agreement with the European Union, Piyush Goyal said, "PM Narendra Modi and US President Trump met in February our leaders have decided to enter into a bilateral trade agreement which will be mutually beneficial for both the economies, businesses on both sides and the people of both countries. We are negotiating to make a nice, fair, equitable and balanced agreement to promote business." Highlighting that both America and India are "very close friends, allies and strategic partners", Piyush Goyal said that the trade deal is an opportunity to expand bilateral trade and strengthen the partnership between the two nations. About two weeks remain before the critical July 9 deadline as India and the United States negotiate challenges in finalising their Bilateral Trade Agreement (BTA) as the 90-day tariff pause period draws to a close. Government sources earlier emphasised that India's national interests will remain paramount in ongoing negotiations, even as both nations work intensively to reach an interim deal before the deadline expires. The negotiations had hit roadblocks, with the US maintaining its demands for substantially reduced duties on American agricultural and dairy products, along with market access for genetically modified (GMO) crops. India is not keen on these proposals, citing concerns over food security, environmental protection, and the welfare of its domestic farming sector.
India Gazette
2 days ago
- Business
- India Gazette
India-US trade agreement led to
New Delhi [India], June 27 (ANI): As United States President Donald Trump announced that a 'very big deal' is set to be finalised soon with India, Congress leader Jairam Ramesh took a jibe at the centre on Friday, saying that he hopes the deal will be as big claimed, given that it led to the 'abrupt end' to Operation Sindoor. The US president has repeatedly claimed that he used trade negotiations with both India and Pakistan to stop hostilities in the aftermath of the Pahalgam terror attack, a claim which India has vehemently and repeatedly denied. 'After repeating 16 times that he used a trade deal as an instrument to bring about a ceasefire between India & Pakistan, President Trump has now announced that such an India-US trade agreement is going to be signed in the next few days. He calls a ' very big deal.' It better be - given that it led to the abrupt end of Operation Sindoor,' Ramesh said in a post on X. 'As is now becoming evident, India has to get to know decisions of great importance to it from the White House in Washington DC,' he added. Earlier, President Trump had said that the US is signing multiple trade deals with countries, highlighting that a notable deal with China has been finalised and that India will follow soon. While speaking at the Big Beautiful Bill event in Washington DC, Trump said, 'We just signed with China yesterday. 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, in the China deal, we are starting to open up China.' While speaking at the US-India Strategic Partnership Forum earlier this month, US Secretary of Commerce Howard Lutnick said that a trade deal between India and the United States could be finalised soon, with both countries finding common ground that suits their interests. 'I think to be in a very, very good place, and you should expect a deal between the United States and India in the not-too-distant future because I think we found a place that really works for both countries,' he said. Notably, on June 10, Union Commerce and Industry Minister Piyush Goyal said that India and the US were in the process of negotiating a fair and equitable trade agreement that will benefit both a press conference over India-US trade deal and Future trade agreement with the European Union, Piyush Goyal said, 'PM Narendra Modi and US President Trump met in February our leaders have decided to enter into a bilateral trade agreement which will be mutually beneficial for both the economies, businesses on both sides and the people of both countries. We are negotiating to make a nice, fair, equitable and balanced agreement to promote business.' Highlighting that both America and India are 'very close friends, allies and strategic partners', Piyush Goyal said that the trade deal is an opportunity to expand bilateral trade and strengthen the partnership between the two nations. India had launched Operation Sindoor early on May 7 and hit terror infrastructure in Pakistan and PoJK in response to the Pahalgam terror attack. India effectively responded to subsequent Pakistani aggression and pounded its airbases. The two nations agreed on an understanding to halt military action on May 10. However on May 23 and multiple other times, the US president claimed he played a role in settling the escalating tensions between India and Pakistan. Minister of External Affairs, S Jaishankar had reiterated that it was the militaries of the two nations that negotiated directly. (ANI)
India Gazette
2 days ago
- Business
- India Gazette
Trump says deal signed with China, hints at
Washington, DC [US], June 27 (ANI): US President Donald Trump said on Thursday (US local time) that America has signed a deal with China and hinted that a 'very big' deal with India will follow soon. Trump made the remarks while speaking at the Big Beautiful Bill event. In his speech hinting towards trade deals, Trump said, '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. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China.' Trump asserted that deals will not be made with every other nation. 'We're not going to make deals with everybody. Some we are just going to send them a letter, say thank you very much. You are to pay 25, 35, 45 per cent. That's the easy way to do it, and my people don't want to do it that way. They want to do some of it, but they want to make more deals than I would do,' he said.' 'But we're having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we're starting to open up China. Things that never really could have happened, and the relationship with every country has been very good' he added. However, Trump did not elaborate on the details of the deal signed with China. Earlier in June, CNN reported that the United States and China reached a new trade agreement, reviving terms first agreed to in Geneva last month, after escalating tensions led to a virtual halt in bilateral trade. The trade truce had brought temporary relief to global markets, businesses, and consumers rattled by months of tariff hikes and growing uncertainty. President Donald Trump announced on Truth Social previously that the 'deal' was complete, confirming that both countries would ease export restrictions. 'Our deal with China is done,' Trump posted in all-caps, stating that China would supply 'full magnets, and any necessary rare front,' as per the Geneva framework. Earlier this month, while speaking at the US-India Strategic Partnership Forum, US Secretary of Commerce Howard Lutnick said that a trade deal between India and the United States could be finalised soon, with both countries finding common ground that suits their interests. 'I think to be in a very, very good place, and you should expect a deal between the United States and India in the not-too-distant future because I think we found a place that really works for both countries.' When asked if he was hopeful about the outcome, Lutnick said he was 'very optimistic,' and added, 'It could be sort of the way I come across,' he said. Meanwhile, on June 10, Union Commerce and Industry Minister Piyush Goyal said that India and the US were in the process of negotiating a fair and equitable trade agreement that will benefit both economies. Addressing a press conference over India-US trade deal and Future trade agreement with the European Union, Piyush Goyal said, 'PM Narendra Modi and US President Trump met in February our leaders have decided to enter into a bilateral trade agreement which will be mutually beneficial for both the economies, businesses on both sides and the people of both countries. We are negotiating to make a nice, fair, equitable and balanced agreement to promote business.' Highlighting that both America and India are 'very close friends, allies and strategic partners', Piyush Goyal said that the trade deal is an opportunity to expand bilateral trade and strengthen the partnership between the two nations. (ANI)
