‘Going to have access into..’: Donald Trump shares update on India-US trade deal after Indonesia tariff settlement; says ‘working on same line…’

India-US trade deal: US President Donald Trump on Tuesday mentioned that America is working on a deal with India which provides higher access to Indian markets. Trump’s feedback got here on the again of a trade deal announcement with Indonesia, after which the latter will face a lowered tariff fee of 19%.Talking in regards to the deal with Indonesia, Trump mentioned the US is working on comparable traces for an settlement with India. “We made a deal with Indonesia. I spoke to their really great president…and we made the deal. We have full access to Indonesia, everything. As you know, Indonesia is very strong on copper, but we have full access to everything. We will pay no tariffs. They are giving us access into Indonesia, which we never had. That’s probably the biggest part of the deal…India is basically working along that same line.”

Also Read | Trump broadcasts new deal! Indonesia faces lowered 19% tariff fee; to purchase $15 billion in US power, 50 Boeing jets & extra“We’re going to have access into India. You have to understand, we had no access to any of these countries. Our people couldn’t go in and now we’re getting access because of what we’re doing with the tariffs…,” Trump mentioned.

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Trump’s feedback on elevated access to Indian markets comes at a time when a group of India’s commerce ministry officers are within the US for trade deal talks. The officers arrived within the US on Monday and India’s chief negotiator Rajesh Agarwal is anticipated to attain Washington later this week.Also Read | Trump tariff battle: Deal or no deal – why it gained’t matter a lot for IndiaMeanwhile, Commerce Minister Piyush Goyal has mentioned that India-US trade deal talks are progressing at a ‘fast pace’.“Negotiations are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win-win trade complementing agreement with the United States,” Goyal mentioned.Last week a Bloomberg report mentioned that the Trump administration is mulling a trade deal through which India will possible face tariffs of lower than 20%, down from the 26% introduced by Trump in April this 12 months.Also Read | India-US trade deal: Why Indian importers are delaying customs clearance of American dry fruit; ‘opting to pay penalty because…’Donald Trump has set a recent deadline of August 1, 2025 for reciprocal tariffs to be efficient. Since final week he has been sending tariff letters to numerous US buying and selling companions. Over 20 nations have acquired a tariff letter to date. India has not acquired any tariff letter from the US, probably due to ongoing trade negotiations between the nations. Last week Trump had indicated that the US is nearing a trade deal with India.