Trump Hints at "Very Big" US-India Trade Deal Following China Pact

Washington, June 27: US President Donald Trump has hinted at a "very big" trade deal with India, following the recent conclusion of a significant trade agreement with China. Speaking at the “Big Beautiful Bill” event on Thursday, Trump expressed confidence in America’s growing global trade partnerships, indicating that India may be the next key partner in the evolving US trade agenda.

“Everybody wants to make a deal and have a part of it,” Trump remarked. “We just signed with China yesterday. We have one coming up, maybe with India — a very big one — where we're going to open up India. In the China deal, we are starting to open up China.” The President emphasized that while the United States will not engage in trade deals with every country, India is a top priority due to its strategic and economic significance.

While Trump did not provide details of the prospective US-India agreement, his comments follow the finalization of a revived trade pact with China under the Geneva framework. According to earlier reports by CNN, the agreement includes provisions for easing export restrictions and expanding trade in critical goods such as rare earth elements.

At a separate event earlier this month, US Secretary of Commerce Howard Lutnick expressed optimism about the US-India deal, stating, “You should expect a deal in the not-too-distant future because I think we found a place that really works for both countries.”

India, too, has echoed this sentiment. Union Commerce and Industry Minister Piyush Goyal confirmed ongoing negotiations, describing the future agreement as “fair, equitable, and balanced.” He noted that the initiative is backed at the highest levels, following a meeting between Prime Minister Narendra Modi and President Trump in February 2025.

“Both our leaders have decided to enter into a bilateral trade agreement which will be mutually beneficial for both the economies,” Goyal said, highlighting the potential of the deal to promote business and strengthen strategic ties.

With the global economy still adjusting to shifting trade dynamics, a successful US-India trade agreement could mark a new chapter in bilateral relations and offer substantial opportunities for businesses across sectors.