Former US President Donald Trump has said that the United States is very close to finalizing a new “fair trade deal” with India. Speaking during a business event, Trump said the upcoming deal would be “much better and more balanced” than earlier trade agreements between the two countries.
Trump mentioned that India and the US have had some trade disagreements in the past, especially over tariffs on goods like steel, aluminum, and farm products. However, he said both sides are now working together to make the deal fair for everyone.
He also hinted that the tariffs on Indian goods could be reduced soon, making it easier for Indian companies to export to the US. “We’re making a fair deal. I think India will love us again,” Trump said, adding that the relationship between the two nations has always been strong.
According to reports, the new trade agreement will focus on reducing trade barriers, increasing investment opportunities, and boosting exports from both sides. It could also include cooperation in technology, clean energy, and defense manufacturing.
The US and India have been holding several rounds of talks to settle long-standing trade issues. One major topic has been India’s import of oil from Russia, which led to earlier tariff tensions. Trump said India has already reduced those imports “significantly,” and that this has helped smoothen the path toward a trade deal.
If the deal goes through, it could bring big benefits to both economies. For India, it may increase access to the US market, and for the US, it could mean stronger ties in Asia and more investment opportunities.
Trade experts say that a fair deal would help both countries grow economically and strengthen their global partnership at a time when trade tensions with China continue to rise.