Very close to a deal with India we're in negotiation, says Trump
The statement on trade deal with India came up while Trump was speaking to reporters during a bilateral meeting with Bahrain's Crown Prince Salman bin Hamad bin Isa Al Khalifa at Oval office.
He emphasised that August 1 would be a significant day, when a lot of money will come into his country.
"We've brought in over USD 100 billion. The tariffs haven't kicked in significantly, except for automobiles and steel. August 1 is when a very substantial money comes into our country. We've made deals with numerous places. We had one yesterday," Trump said.
"We have another one, coming up, maybe with India, we are in negotiations. When I send out a letter, that's a deal. The best deal we can make is to send out a letter, and the letter says that you'll pay 30 per cent, 35 per cent, 25 per cent, 20 per cent. We have some pretty good deals to announce. We're very close to a deal with India where they open it up," Trump added.
Yesterday, Trump announced a trade deal with Indonesia, under which Trump had cut down the 32 per cent tariff to just 19 per cent.
President Trump called a 'great deal for everybody,' as US exports to Indonesia would face no tariffs, while Indonesian goods would be charged a tariff of 19 per cent in the United States.
The announcement comes as the Trump administration is trying to close trade deals with several countries, and threatening to impose double-digit tariffs on the exports of two dozen nations as of August 1 if agreements are not clinched.
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