New Delhi is unwilling to sign a deal that doesn't address both sectoral access and reciprocal tariffs on its exports.
Washington:Even as the US slapped fresh tariffs on several nations, US President Donald Trump on Tuesday said Washington was close to making a trade deal with India. Trade negotiators from Washington and New Delhi are pushing to finalise a tariff-reducing deal, but disagreements over dairy and agriculture sectors are delaying the process.
"We've made a deal with the United Kingdom, we've made a deal with China, we've made a deal - we're close to making a deal with India...Others we met with, we don't think we're going to be able to make a deal. So we just send them a letter," he said at the White House.
VIDEO | Washington DC: "We have made a deal with United Kingdom; we have made a deal with China. We are close to making a deal with India," says US President Donald Trump (@POTUS).
— Press Trust of India (@PTI_News) July 8, 2025
(Source: Third Party)
(Full video available on PTI Videos - https://t.co/n147TvrpG7) pic.twitter.com/pntXTraTwc
Trump's remarks came after the US unveiled the first in a wave of promised letters that threaten to impose higher tariff rates on key trading partners, including Bangladesh, Thailand, South Korea and Japan, to come into effect starting August 1.
"We're sending out letters to various countries telling them how much tariffs they have to pay. Some will maybe adjust a little bit depending if they have a cause, we're not going to be unfair about it," the US President said.
US-India Mini Trade Deal
Both sides are at loggerheads over a number of issues, including Washington's demand that India open its market to genetically modified crops - a long-standing red line for New Delhi due to risks to its farmers.
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