Donald Trump hints at some trade deals as early as this week, sparking hopes for India

 

President Donald Trump has indicated that the United States may finalize trade agreements with several countries as early as this week, potentially easing concerns over heightened import tariffs. While he did not specify which nations are involved, discussions are reportedly underway with India, South Korea, and Japan. Trump emphasized that the final terms of these deals will be set by the U.S., stating, "I’ll set my own deals because I set the deal, they don’t set the deal."

India, in particular, is actively negotiating to avoid higher tariffs. Commerce Minister Piyush Goyal recently visited the U.S., and both countries are aiming to initiate a Bilateral Trade Agreement by autumn 2025. This agreement is expected to address various trade issues, including tariffs on steel, aluminum, and car parts, and to strengthen economic ties between the two nations.

These developments have generated optimism in India, where the government is eager to secure a favorable trade deal to bolster its economy and prevent potential trade disruptions.
*This news has been published on Economic Times on 5th May 2025

 

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