United States President Donald Trump indicated the possibility of sealing a trade agreement with India in the near future. While discussing trade agreements, he remarked about “another deal is coming” on India but followed it up with a “maybe”, according to Reuters.
Positive Trade Outlook With Japan
“We have some pretty good deals to announce,” Trump said and added that with Japan, US will probably “live by the letter”.
Trump’s recent comments come when an Indian commerce ministry team is in the US for the next round of discussions on the trade agreement.
Commerce minister Piyush Goyal had stated a few weeks ago that India does not negotiate any trade agreement on timelines and will consider the proposed trade deal with the US only when it is totally finalized, concluded in an appropriate manner, and in the national interest, a PTI report stated.
Interim Trade Deal With India on Track
Trump had previously this week suggested that a long-awaited interim trade agreement between India and the US is on track, and that it would be finalized soon.
As for Indonesia, as part of the deal it is giving the US access to the country, which we never had, Trump said. “We have full access into Indonesia”, adding that India is working “on same line”, he said then.
“Indonesia was great. He (Prabowo Subianto) is a great president and we made a terrific deal where they opened up the entire country to trade with the United States. We weren’t allowed to go in and trade (before). I think something similar will happen, I would say, with India,” he said.
India Not Among Countries Facing Tariff Ultimatums
Trump did not put India in the “wave of letters” with tariff ultimatums he has written to 14 nations, including Japan, South Korea, Myanmar and Bangladesh.
Trump has declared Indonesian products would incur a 19% tariff when shipped to the US and that US products shipped to the Southeast Asian nation would incur no tariffs an uneven agreement in America’s favour.
Tariff Threat Reduced After Negotiations
Indonesia originally received a letter of tariff warning that the nation’s products would incur a 32% American tariff from August 1 if the two nations failed to agree, before agreeing on the terms that lessened this to 19%.
“As part of the Agreement, Indonesia has committed to purchasing $15 Billion Dollars in US Energy, $4.5 Billion Dollars in American Agricultural Products, and 50 Boeing Jets, many of them 777’s,” Trump wrote on his social media platform Truth Social.
