Trade Deal with India Within Reach: Trump Administration Nears Final Agreement

The United States and India appear to be just steps away from finalizing a new trade agreement. During a press briefing outside the White House, President Donald Trump said negotiations are moving quickly and that the deal could be signed within days. "I think we’ll get a deal done with India," Trump stated. "As you know, Prime Minister Modi was here a few weeks ago, and he wants to get this done."

🔹 Modi–Vance meeting gave talks new momentum

Indian Prime Minister Narendra Modi visited Washington at the end of February, and since then, both countries have been working intensively to finalize the agreement. According to U.S. officials, a key breakthrough came after a meeting between Modi and Vice President J.D. Vance, which reportedly moved the deal significantly forward.

Bessent: Talks with India Going Smoothly Treasury Secretary Scott Bessent confirmed that negotiations with India are nearly complete, and he hinted that the U.S. is also in discussions with Japan and South Korea. While he didn’t reveal specific terms or timelines, he said that the “contours of an agreement” with Seoul are already forming. But for now, India remains the main focus. One reason talks have progressed so efficiently is India’s transparent tariff structure, which is already publicly outlined. “India has published, structured tariffs — it makes negotiations much easier,” Bessent noted. Unlike some countries, India’s clear and formalized tariff rates give American negotiators a solid framework to work with.

India Could Gain Big: Lower Tariffs May Attract Investors Economist Raghuram Rajan from the University of Chicago’s Booth School of Business told CNBC that India could benefit greatly from the deal. If it secures lower import duties, it could boost its appeal to international companies — especially due to its massive domestic market. According to Rajan, this would make India a much more attractive destination for foreign investment.

Another Deal Already Signed — But Still Under Wraps? While all eyes are on India, Commerce Secretary Howard Lutnick hinted in a CNBC interview that one trade deal has already been completed, though it has not yet been publicly disclosed. “I’ve got it signed, done, finalized — just waiting for the other country’s prime minister and parliament to approve it,” Lutnick said, refusing to name the country involved. Still, markets reacted swiftly. Stocks jumped immediately after his remarks, with traders taking the comments as a signal of real progress in global trade talks.

No China Talks — But 17 Other Countries in the Queue When asked if China was among the countries being negotiated with, Lutnick responded firmly: “No, China is not in my portfolio.” All China-related discussions are handled exclusively by Bessent. Bessent elaborated that the White House is actively negotiating with 17 other countries. “We have 18 key trade relationships, and over the next few weeks, we’ll be speaking with most of those partners,” he said. So far, no official agreements have been signed, but India, Japan, and South Korea are among the top contenders for early announcements.

Bessent Won’t Confirm or Deny — Awaiting Trump’s Statement Later that same day, Bessent appeared on Fox Business, where he was directly asked about Lutnick’s claim of a finalized agreement. He declined to confirm or deny anything. “I won’t get ahead of the president. Nothing’s official until President Trump says so,” Bessent replied. All signs now point to a major trade announcement coming soon — and the world is watching to see when Trump will step up to the podium, perhaps with more than one agreement in hand.

#TRUMP , #TradeDeal , #India , #Geopolitics , #worldnews

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