Donald Trump Says ‘Very Big’ Trade Deal with India Next After China Breakthrough

US President Donald Trump has hinted at a "very big" trade deal with India on Thursday. Speaking at the Big Beautiful Bill event, Trump also confirmed that the US had already signed a deal with China.

"Everybody wants to make a deal and have a part of it. Remember a few months ago, the press was saying, ‘You really have anybody of any interest?’ Well, we just signed with China yesterday. We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China,” the President said.

Trump said that Washington is not willing to make a deal with everybody; instead, those countries would receive a letter from the Trump administration. "We're not going to make deals with everybody. Some we are just going to send them a letter, say thank you very much. You are to pay 25, 35, 45 per cent," Trump added. He noted that that is the easy way to do it, even though his "people" are willing to make more deals than him.

Earlier this month, while speaking at the US-India Strategic Partnership Forum, US Secretary of Commerce Howard Lutnick said that a trade deal between India and the United States could be finalised soon, with both countries finding common ground that suits their interests. On the other hand, Commerce and Industry Minister Piyush Goyal also asserted that India and the US were in the process of negotiating a fair and equitable trade agreement that will benefit both economies.

India has been engaged with the US for a trade deal even before Trump's "Liberation Day" tariff announcement on April 2. He imposed a 26% tariff on Indian goods going to the US. Prime Minister Narendra Modi also met Trump in Washington, DC, in February. Both sides decided to set a target of doubling their bilateral trade to $500bn by 2030 and will work on concluding a mutually beneficial trade agreement very soon.