US-India Trade Deal ‘On The Verge,’ Trump Says
U.S. President Donald Trump said during his South Korea visit that a trade agreement between the United States and India is “only a question of time.” He praised Prime Minister Narendra Modi, highlighting their “great relationship” and suggesting talks are moving toward resolution.
Deal Status
Trump’s remarks come as negotiations that had earlier stalled over tariffs, Russian oil imports and market access now appear to be making progress. Two of the three major hurdles are reportedly close to being resolved.
Key Points Of Discussion
India is expected to reduce its dependence on discounted Russian oil, while the U.S. may scale back its proposed 50% reciprocal tariff on Indian exports. Additionally, India could allow more access for U.S. agricultural products, including corn and soymeal, as part of the settlement.
Outlook
While no official timeline has been announced, both governments have signaled optimism. Markets are watching closely, as a successful deal could mark a new phase in India–U.S. trade relations.
