Stories
Donald Trump Says India and USA Are Pretty Close to Sealing Trade Deal
- •US President Donald Trump stated that India and the United States are close to finalising a trade agreement after over a year of negotiations.
- •US Secretary of State Marco Rubio indicated that the deal could be reached within weeks, with current talks focusing on technical details.
- •US Ambassador to India Sergio Gor noted that the major items are completed and both nations are very close to landing the agreement.
- •External Affairs Minister S Jaishankar also expressed encouragement, stating that both sides are heading toward a landing point.
- •Rubio emphasized that the agreement aims to secure better tariff rates and serve the long-term economic interests of both countries.
Key Questions Answered
US President Donald Trump stated that India and the United States are 'pretty close' to finalising a trade deal after more than a year of negotiations. He noted at the White House that the two nations are heading towards an agreement, adding that it could be a much different kind of deal.
US Secretary of State Marco Rubio indicated that the trade agreement could be finalised within weeks, noting that the ongoing negotiations are currently focused on sorting out technical details and ensuring both sides agree on the language of every provision.
Marco Rubio stated that the objective of making a trade agreement is to secure better rates than what is currently in place. He emphasized that the deal must serve the economic interests of both countries to remain sustainable over the long term.
