While speaking to
reporters at the Oval Office, Trump was asked whether Washington and New Delhi
were approaching an agreement. “They want to make a deal. We’re going to make
a deal. Pretty close, yeah,” Trump said. “It’s going to be a much different
kind of deal than we’ve made,” he added.
Trump did not elaborate on what would make the proposed agreement
different from previous arrangements. He also did not specify a date for
concluding negotiations or identify the remaining issues preventing a final
agreement. His comments nevertheless
suggested that Washington expected progress in talks that have been closely
watched by businesses, exporters and investors in both countries. The Republican leader’s remarks came as
Secretary of State Marco Rubio was visiting India and holding discussions with
Foreign Minister S Jaishankar on further strengthening bilateral relations,
focusing on sectors such as trade, energy, technology, defence and
people-to-people ties. The timing places the president’s comments against the
backdrop of high-level diplomatic engagement between the two countries. Talking to The Indian Express earlier
this week, Rubio assured that the India-US trade deal, which has been under
negotiation for more than a year and a half now, was “weeks, not months”
away. Earlier this month, Commerce Minister Piyush Goyal met US Trade Representative Jamieson Greer
in Milwaukee and Washington to discuss the finer aspects of the trade
deal. India and the United States have
been negotiating a bilateral trade arrangement aimed at expanding market access
and addressing longstanding differences over tariffs, agricultural products,
industrial goods and regulatory barriers.
Trade negotiations have acquired additional significance under Trump’s
second administration, which has made tariffs and reciprocal market access
central elements of American economic policy. The administration has argued
that trading partners must offer American businesses greater access to their
markets while reducing barriers affecting US exports.
For India, the
negotiations carry implications for major export sectors, including
pharmaceuticals, engineering goods, textiles, electronics and information
technology-related services. American companies have also sought greater
opportunities in India’s expanding consumer market and manufacturing sectors.