Daijiworld Media Network - Washington

Washington, Jul 8: US President Donald Trump on Tuesday hinted at a possible breakthrough in trade ties with India, stating that the United States is "close to making a deal" with New Delhi. His remarks came as he unveiled fresh tariffs targeting 14 nations, including Japan, South Korea, Bangladesh, Myanmar, and Thailand, set to take effect from August 1.

"We've spoken to everybody. It's all done. I told you we’ll make some deals," Trump said, addressing reporters. "We’ve made a deal with the United Kingdom, with China, and we’re close to making a deal with India," he added, exuding confidence in the strength of the US economy and its global appeal.

Trump noted that while agreements were likely with some countries, others would be sent official letters outlining new tariff structures. “We’re sending out letters to various countries telling them how much tariffs they have to pay. Some may adjust a little depending on their concerns — we won’t be unfair,” he stated.

The former President made it clear that the August 1 deadline for trade partners to finalise their terms was “firm, but not 100 per cent.” He signalled flexibility, saying, “If they call and want to do something differently, we’ll be open to that.”

Trump had earlier imposed a 26% retaliatory tariff on Indian goods in April this year, which was subsequently scaled down to 10% for a 90-day period starting April 10.

Indian trade officials were in Washington last month holding intense negotiations with their US counterparts, working towards resolving key differences and securing a favourable agreement.
With trade talks gaining momentum, all eyes are now on whether the US and India can clinch a deal ahead of the tariff deadline.