U.S. President Donald Trump has signaled the possibility of a “very big” trade deal with India, shortly after finalizing a major agreement with China. Speaking at the Big Beautiful Bill event in Washington, Trump said the U.S. is preparing to “open up India” through a landmark trade pact that could reshape bilateral economic ties.
“We just signed with China yesterday. We have one coming up—maybe with India. A very big one,” Trump stated, hinting at the scale and ambition of the proposed deal.
🔍 Key Highlights
- The announcement comes amid ongoing trade negotiations between India and the U.S., with both sides aiming to finalize a deal before the July 9 deadline, when the U.S. suspension of 26% reciprocal tariffs on Indian goods is set to expire.
- Trump emphasized that the U.S. will not pursue trade deals with every country, but is focused on “great deals” that benefit American interests.
- The proposed India deal is expected to mirror the China pact in terms of market access and tariff reductions, with a focus on opening up strategic sectors.
🤝 What’s on the Table?
Negotiators are reportedly working on:
- U.S. demands: Access for genetically modified crops, medical devices, and relaxed data localization rules
- India’s priorities: Relief from steel and pharma tariffs, and greater access for labor-intensive exports
- Strategic alignment: India may increase oil and defense imports from the U.S. to help bridge the trade gap
📈 Trade Goals and Outlook
The U.S. and India are targeting a bilateral trade volume of $500 billion by 2030, up from the current $190 billion. Both sides have expressed optimism, with Commerce Minister Piyush Goyal stating that the deal will be “fair, equitable, and mutually beneficial”.
“We’re negotiating to make a nice, balanced agreement to promote business,” Goyal said earlier this month.
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