US President Donald Trump indicated that the United States is approaching a major trade agreement with India, as it gains efforts to expand the arrival of the markets to American companies traction. Trump’s comments were presented during a meeting in the Oval Office, where he confirmed, “We have another one (a deal) to come, perhaps with India … We are very close to a deal with India, where they open it.”
This statement highlights the ongoing negotiations aimed at reducing definitions and enhancing bilateral trade relations between the two countries.
Trump explained the ongoing strategies to reach favorable commercial conditions, stressing, “We have made deals with many wonderful places. We have another upcoming one, perhaps with India. I don’t know, we are negotiating. When I send a message, this is a deal.” He also said that the United States has “some good deals” to announce in the coming days.
He added: “The best deal we can conclude is to send a letter, and the message says that you will pay 30 %, 35 %, 25 %, 20 %. We have some good advertising deals.”
In a modern development, Trump announced a new trade agreement with Indonesia, which imposes a 19 -percent tariff on Indonesian imports while granting American products free from customs tariffs to the Indonesian market.
The possibility of the Trade Agreement in India and India is where the delegation of the Ministry of Commerce in India is in the United States for new negotiations. Before that, the Minister of Trade Piyush Goyal affirmed India’s commitment to comprehensive talks, saying that any deal will be compatible with national interests and is not based on only time schedules.
Trump is constantly attributed to his administration’s tariff policies to open foreign markets for American companies. He stated, “We will get access to India. And you have to understand, we have not been able to reach any of these countries. Our people have not been able to enter. Now we get to reach because of what we do with the definitions.”
The President has repeated the achievements of his administration to secure access to the markets, adding: “You have to understand, we have not been able to reach any of these countries, and now we get access because of what we are doing with the definitions.”
With the progress of negotiations, the United States aims to a limited trade agreement aimed at a low tariff on specific goods and services, especially keeping them less than 20 % on selected elements.
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