US President Donald Trump said on Tuesday that talks with India over tariffs were going very well. He believed both nations would reach a trade deal soon, according to reports.
President Plans More Global Engagements
Before heading to a rally in Michigan, Trump spoke to reporters outside the White House. He also shared plans to visit Africa and speak with Australian leaders. These visits would take place during the current 90-day pause on tariffs.
U.S. Officials Confirm Deal Progress
At the same time, U.S. Commerce Secretary Howard Lutnick confirmed the deal was nearly complete. In an interview with CNBC, he said, "I have a deal done ... but I need to wait for their prime minister and their parliament to give its approval."
Earlier this week, U.S. Treasury Secretary Scott Bessent also commented on the progress. He said India might be one of the first countries to sign a trade deal with the U.S. However, he did not give further details.
Tariffs Paused To Allow Fresh Talks
Earlier, Trump had imposed a 26% tariff on India as part of a wider trade policy. However, he later announced a 90-day pause. This break created space for discussions with several countries, including India.
India and U.S. Begin Trade Talks
In February, India and the U.S. officially started working on the first phase of a trade deal. They aimed to finish it by the end of the year. Additionally, they set a long-term goal of increasing trade to $500 billion by 2030.
That same month, Prime Minister Narendra Modi visited the U.S. During his visit, he met President Trump. Afterward, both leaders agreed to move quickly and try to settle all trade-related issues.
India Maintains Firm Stand
Although India offered some changes in defense and energy areas, it refused to compromise on national interests. Union Minister Piyush Goyal said India would not be forced into any deal. He stressed that India would always protect the needs of its people.
