US President Donald Trump said the United States and India are “pretty close” to finalising a trade deal that would benefit both countries. He made the remarks at the swearing-in of Sergio Gor as the US Ambassador to India, highlighting Gor’s strong ties with Prime Minister Narendra Modi.
Trump noted that US tariffs on Indian goods are currently high, mainly due to India’s earlier purchases of Russian oil. With those purchases now reduced, he indicated tariffs could be lowered in the future.
India’s Commerce Minister Piyush Goyal said trade talks are progressing well but cautioned that several sensitive issues still need resolution.
The proposed agreement aims to more than double bilateral trade, from around $191 billion currently to $500 billion by 2030. Analysts say a deal could improve market access for goods on both sides, though details on tariff cuts and timelines are yet to be finalised.
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