India-us Trade Deal Finalised? Trump To Announce Deal With ‘big, Highly Respected Country’

US President Donald Trump has indicated that he would denote a waste and acquisition woody pinch a “big, highly respected” country. Speculations are rife that nan state Trump is talking astir could beryllium India. India had, earlier this week, announced a free waste and acquisition statement pinch nan UK, pursuing a alternatively lengthy discussion.

Trump took to Truth Social to denote that: “Big News Conference tomorrow greeting astatine 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” 

While nan US has not revealed nan sanction of nan country, his announcement comes aft he said India has agreed to driblet its precocious tariffs to nothing. Trump told reporters successful nan Oval Office, “I mean, India arsenic an example, has 1 of nan highest tariffs successful nan world. We’re not going to put up pinch that, and they’ve agreed already to driblet it. They’ll driblet it to nothing. They’ve already agreed. They would person ne'er done that for anybody other but me.” He had earlier called India nan tariff king and a large abuser.

Last period Trump had, additionally, indicated that waste and acquisition talks pinch India were “going great” and that nan US would person a woody pinch India. 

INDIA-US TRADE

India's exports to nan United States reached a grounds precocious of $11.2 cardinal successful March 2025, surpassing nan $10 cardinal milestone for nan first time, arsenic reported by nan United States Census Bureau.  This marks a astir 50 per cent summation complete nan 12-month average, starring to a full bilateral equipment waste and acquisition of $15 cardinal for nan month, nan bureau stated. 

This surge successful waste and acquisition follows a 90-day tariff region announced by Trump and a increasing momentum towards a imaginable India-US waste and acquisition agreement. The beardown export capacity successful March concluded a successful first 4th for bilateral trade. From January to March 2025, India exported equipment worthy $27.7 cardinal to nan US and imported $10.5 billion, resulting successful a waste and acquisition surplus of $17.2 cardinal successful India's favour.

"India blows nan doors disconnected its grounds for exports to nan US successful March - $11.2 billion, first clip it has crossed $10 billion. Almost 50 per cent higher than nan 12-month average. Total bilateral equipment waste and acquisition besides sets a record- astir $15 cardinal for nan month," Richard Rossow, Chair successful US India Policy Studies astatine nan Center for Strategic and International Studies, wrote connected X. 

Published on: May 8, 2025 8:19 AM IST