5 hours ago
Last Updated:July 08, 2025, 17:17 IST
India and the US are set to announce a "mini trade deal" on Tuesday night, with a full deal expected later this year.
PM Modi with President Donald Trump at the White House in US. (IMAGE: REUTERS)
India-US Trade Deal: A “mini trade deal" between India and the United States is likely to be announced on Tuesday night, government sources said.
The full deal is likely to be signed after more negotiations later this year.
Earlier, President Donald Trump said that the US is close to making a trade deal with India.
“Now, we’ve made a deal with the United Kingdom, we’ve made a deal with China….We’re close to making a deal with India. Others we met with and we don’t think we’re going to be able to make a deal, so we just send them a letter. If you want to play ball, this is what you have to pay," Trump said on Monday.
The remarks came as the Trump administration sent out the first tranche of “letters" to various countries Monday detailing the tariffs that the US will impose on products from those countries entering America.
The countries that got these letters, signed by Trump, were Bangladesh, Bosnia and Herzegovina, Cambodia, Indonesia, Japan, Kazakhstan, Lao People’s Democratic Republic, Malaysia, Serbia, South Africa, South Korea, Thailand and Tunisia.
“We’re sending out letters to various countries telling them how much tariffs they have to pay," Trump said.
He added that the countries were “ripping" the US and “were charging us tariffs at levels that nobody’s ever seen before. We have some countries that were charging 200% tariffs and making it impossible to do business. “And what the tariffs are doing is they’re driving people in and companies into the United States," he said while speaking to reporters ahead of a bilateral dinner with Israeli Prime Minister Benjamin Netanyahu in the White House on Monday.
(With PTI inputs)
Pallavi Ghosh has covered politics and Parliament for 15 years, and has reported extensively on Congress, UPA-I and UPA-II, and has now included the Finance Ministry and Niti Aayog in her reportage. She has als...Read More
Pallavi Ghosh has covered politics and Parliament for 15 years, and has reported extensively on Congress, UPA-I and UPA-II, and has now included the Finance Ministry and Niti Aayog in her reportage. She has als...
Read More
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