The US made a suggestion on a potential agreement during ongoing trade negotiations, and india is probably going to accept it. Many of America's main trading partners have offered "very good" concessions to avert new US tariffs, according to US Treasury Secretary Scott Bessent's statement on Monday.
 
"We could probably sign one of the first trade agreements with india," he continued.
 
Bessent told reporters after two early-morning tv interviews that the first deal might happen this week or the following week.  However, he gave no other information.

In an interview with Fox news on "FOX and Friends," Bessent stated that President trump will be "intimately involved" in negotiating each of the special trade agreements with 15 to 18 significant nations.  Securing the accords "in principle" early is important, he said.
 
"I would guess that india would be one of the first trade deals we would sign," Bessent stated to CNBC.  Additionally, he stated that talks with japan and other Asian nations had taken place.  

Since becoming office, trump has imposed a number of tariffs that have affected global trade.  It includes high new tariffs of 145% on Chinese goods and a 10% tax on imports from all countries except canada and Mexico.  China responded with tariffs of its own.  Unless the seeker finds a compromise during the current 90-day break, the increased US tariffs on the majority of countries will take effect on July 8. 

Negotiations and Tight Deadlines

At Tuesday's white house press briefing, Bessent, who spoke with visiting officials in hundreds during last week's IMF and World bank meetings, is expected to face more questions about trade.  President Trump's achievements during his second 100 days in office will be honored at the ceremony.
 
"Vice President Vance discussed significant progress on his visit to india last week.  Additionally, Bessent told CNBC, "I believe we've had some very substantial negotiations with our Japanese allies, and I have mentioned that the negotiations with the Republic of Korea have gone very well."

Although negotiations are ongoing, no formal agreements have been made as of yet.
 
India and britain are currently engaged in trade negotiations.  To wrap up more than three years of negotiations, senior trade officials from both nations began two days of meetings this week.  
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SIBY JEYYA

29/04/2025 08:26 AM