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US-India Trade Talks Set to Strike a Deal, Says Trump

  • On May 2, 2025, President Donald Trump conveyed confidence that negotiations between the US and India on a trade agreement are making good progress and that a deal could be reached soon.
  • These talks follow reciprocal tariffs imposed by Trump on India at 26% on April 2, 2025, and a subsequent 90-day suspension of these tariffs through July 9 to facilitate negotiations.
  • Key developments include Vice President JD Vance’s recent visit to India, India’s description of discussions as fruitful, and Treasury Secretary Scott Bessent’s remarks that India may sign one of the first trade deals.
  • Trump expressed optimism about the tariff negotiations with India, indicating that substantial progress has been made and a trade agreement could be finalized in the near future.
  • The potential agreement aims to address trade imbalances and could lead to a significant bilateral trade boost, suggesting ongoing positive diplomatic and economic implications for both nations.
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India Post broke the news in on Tuesday, April 29, 2025.
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