US President Donald Trump expressed optimism on Tuesday 29 April on the ongoing business interviews with India, suggesting that both countries are close to achieving tariffs. Trump talked to reporters outside the White House and emphasized progress and his expectations of a positive result.
Trump shared that business discussions with India proceeded well, suggesting a potential breakthrough. “India comes great. I think we will have an agreement with India … they want to agree,” Trump said, signaling the confidence that both countries would find common ground.
The president’s comments came just hours before the statement of the Minister of Trade Howard Lutnice, who revealed that the trade agreement was completed with an unnamed country waiting for the final approval from the management of this country.
Lutnice’s notice of business agreement
“I have an agreement, finished, finished, finished, but I have to wait for their prime minister and their parliament to grant their consent, which I expect briefly,” Lutnick said. Although he did not specify the country with what country was, there is widespread speculation that India could be among the first nations to achieve a business agreement with the US.
Finance Minister Bessnt offers additional knowledge
Finance Minister Scott Bessnt, who led US business negotiations, repeated Trump’s optimism and said the US is close to completing agreements with India, Japan and South Korea. “I think we are very close in India,” Bessnt said during the briefing.
Bessnt also referred to the recent progress of vice president JD Vance during his visit to India. “Vice President Vance was in India last week. I think he and (Prime Minister Narendra) Modi have made very good progress, so I saw some of the announcements of India,” Besbent added.
Indian business deficit with USA
India, which represented almost 3% of US imports in February, has a US sales representative with a USA with a USA of approximately $ 45.7 billion. The aim of a potential tariff agreement is to avoid 26% of the tariff rate on Indian imports that will be reflected in early July.
Plans for a future African journey
In addition to business development, President Trump mentioned plans to visit Africa in the near future, emphasizing the importance of strengthening global business ties. “I plan to visit Africa,” Trump told reporters, although other details were not published.
Uncertainty surrounding the completion of a business agreement
Despite optimism from President Trump and his team, the Minister of Finance Bessnt reminded reporters that no agreement is official as long as President Trump personally announces it. “As you know, nothing is happening until the president has signed up for 18 key trade relations. Each agreement is different and will be involved, so I wait for me to hear about it,” Bessnt said.
The ongoing business negotiations with India and other countries are considered to be crucial for the wider effort of Trump to transform the dynamics of global trade and to ensure more favorable conditions for the United States.
(Tagstotranslate) Donald Trump
