"We Are Very Close With India": US On Trade Deal: Report

Scott Bessent Gives Progress Report on US - India Deal to Lower Tariffs on Both Indian and US Imports

The U.S. and India are nearing a deal to lower tariffs on American imports to the South Asian country and to help India avoid levies imposed by the Trump administration rising sharply next week, Treasury Secretary Scott Bessent said on Tuesday.

"We are very close with India," Bessent told Fox News in response to a question about progress on trade negotiations.

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