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The president of the United States, Donald Trump, speaks with the media before addressing Marine One when he goes to Michigan to attend a demonstration to celebrate his first 100 days in office, from the White House South Lawn in Washington, DC, on April 29, 2025.
Leah Millis | Reuters
President Donald Trump On Tuesday, he said that the negotiations with India “are coming very well”, and believes that the United States will reach a commercial agreement with the country.
“I think we will have an agreement with India,” Trump said for a short comments to journalists outside the White House. “The prime minister, as they know, was here three weeks ago, and want to make a deal.” Prime Minister of India, Narendra Modi, Visited the White House At the end of February.
Trump’s comments occur after Treasury Secretary Scott Besent said the United States was “very close to India.”
Speaking at a press conference from the White House, Besent said the administration has also had “substantial conversations” with Japan on a possible commercial agreement, and that “the contours of an agreement” with South Korea They could be joining.
Vice President JD Vance He met last week with Modi. The two leaders “made very good progress, so I could see some ads in India,” Besent said. It did not provide a specific timeline.
“A country like India, which has published and ready tariffs, is much easier to negotiate with them,” he added.
Raghuram Rajan, economist and finance professor at the Booth Business School of the University of Chicago, said that “India benefits greatly if you can negotiate tariffs at a much lower level, even while other countries have it at a higher level.”
“It can make many companies analyze India under a new light, especially given the great Indian domestic market,” Rajan said Tuesday at CNBC.
The White House has been working to ensure Commercial offers with partners in the weeks from the announcement of Trump’s radical tariffs.
“We have 18 important commercial relations, we will talk to all those partners, or at least 17 of them, in the coming weeks. Many of them have already come to Washington,” Besent said.
He said later during the informative session that commercial relations with 17 partners “are in motion”, a list that excludes China.
