By Anjali Sharma
WASHINGTON – US President Donald Trump on Friday signaled the possibility of a major trade agreement with India, after the recent finalization of a deal with China.
US Secretary of Commerce Howard Lutnick earlier expressed optimism about a potential trade pact, stated a deal could be expected “in the not-too-distant future.”
He was speaking at the Big Beautiful Bill event, Trump described the ongoing efforts to secure beneficial trade arrangements, stated “We have one coming up, maybe with India. Very big one. Where we’re going to open up India.”
Trump confirmed that the United States had signed a new trade deal with China, reviving the Geneva framework that had stalled after escalating trade tensions.
According to media report, the agreement includes the easing of export restrictions and a Chinese commitment to supply key resources such as rare earth elements.
Trump emphasized that deals would not be struck with every nation, maintained that his administration prefers negotiated outcomes over imposing steep tariffs.
“We’re not going to make deals with everybody. Some we are just going to send a letter, say thank you very much. You are to pay 25, 35, 45 per cent,” he said.
He mentioned India after growing diplomatic and commercial engagement between the two countries.
India’s Commerce and Industry Minister Piyush Goyal confirmed that both countries are working on a fair and equitable agreement.
“PM Narendra Modi and President Trump met in February 2025 and have decided to enter into a bilateral trade agreement which will be mutually beneficial,” Goyal said.
He highlighted efforts to promote business, trade, and investment.
The anticipated trade agreement is expected to expand economic ties between the world’s largest democracies, both of which see each other as strategic partners in global trade, security, and innovation, media reported.
