Saturday, March 29, 2025
India-US Trade Deal Finalized Soon: Trump Confirms Mega Agreement Underway
Washington, June 27, 2025 – U.S. President Donald Trump has provided a major update on a potential trade agreement with India, stating that a “very big deal” between the two nations is close to being finalized. The announcement was made during an official event at the White House on Thursday, where Trump also revealed that the United States has successfully signed a trade deal with China.
This development comes ahead of the July 8 deadline set by the Trump administration earlier in April, when the U.S. imposed reciprocal tariffs on multiple major global economies, including India and China. A 90-day grace period was offered to allow for negotiations before the tariffs became permanent. That window is now approaching its end.
“We’ve just signed a trade deal with China,” Trump declared, adding, “We are not doing deals with everyone, but we are making some great deals. We are about to finalize another big deal with India.”
Although Trump provided limited details on the specifics of the China agreement, he emphasized that such deals are rare and require deep trust and collaboration. “These are agreements that many thought could never happen,” he added, underlining improved relations with both India and China.
The President was clear that the U.S. would not engage in trade deals with all countries. “We’re not going to do deals with everyone. We’ll just send a letter and say, ‘Thank you very much—you’ll now pay 25, 35, or even 45% in tariffs.’ However, we are open to fair deals,” he said.
Earlier this month, during the U.S.-India Strategic Partnership Forum, U.S. Commerce Secretary Howard Lutnick suggested that a trade agreement between the two countries was in its final stages. Similarly, on June 10, Indian Commerce Minister Piyush Goyal confirmed that both nations were working towards a mutually beneficial trade pact aimed at boosting economic cooperation.
The India-US trade deal finalized soon could mark a significant milestone in bilateral ties, potentially impacting industries ranging from technology and pharmaceuticals to defense and energy. It is also expected to ease tariff tensions that have persisted for years.
