US President Donald Trump on Thursday signaled the possibility of a “very big” trade deal with India. His remarks followed a four-day round of closed-door talks between American and Indian negotiators. While addressing the ‘Big Beautiful Event’ at the White House, Trump said, “We have one coming up, maybe with India. Very big one. Everybody wants to make a deal and have a part of it.”
Trump emphasized that while the US won’t sign deals with everyone, India remains a top priority for a comprehensive agreement. “We’re not going to make deals with everybody. Some we’ll just send a letter to thank you very much, you’ll pay 25, 35, or 45 percent. But with India, we are exploring something great,” he added.
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Officials from the Office of the US Trade Representative led the American delegation, while India’s Commerce Ministry appointed Rajesh Agrawal to lead its team. The discussions mainly focused on improving market access for industrial and agricultural goods, lowering tariffs, and addressing non-tariff barriers. Both countries aim to increase annual bilateral trade from the current $190 billion to $500 billion by 2030.
India, US Nearing Bilateral Trade Deal as Talks Show Positive Progress
Union Commerce and Industry Minister Piyush Goyal confirmed that India and the US are actively negotiating a fair and balanced trade agreement. “Prime Minister Modi and President Trump agreed to enter a bilateral trade agreement that supports businesses and people in both countries,” Goyal stated. He assured that the deal would promote a mutually beneficial economic partnership.
US Secretary of Commerce Howard Lutnick also indicated that both countries are close to finalizing the agreement, having already found common ground on key issues.
Trump also mentioned signing a separate trade pact with China, focusing on rare earth shipments, showing that the US continues to pursue aggressive trade diplomacy with major global economies.