India-US trade deal: Donald Trump says 'another deal coming up, maybe with India'
Donald Trump
on Wednesday said that America has another trade deal coming up, possibly with India. 'We have another deal coming up, maybe with India.' Trump's comments come at a time when India's commerce ministry officials are in Washington DC for another round of trade deal talks.
Reports suggest that the Donald Trump administration is looking to offer a tariff rate of less than 20% to India. US announced a trade agreement with Indonesia yesterday, with 19% tariff rate. According to a Bloomberg report, India is looking to have a competitive advantage over its regional peers and is seeking a tariff rate lower than the one finalised for Indonesia.
While talking about the trade agreement with Indonesia, Trump had said that US is looking to gain market access in India as well.
"They are giving us access into Indonesia, which we never had. That's probably the biggest part of the deal...India is basically working along that same line," he said.
'We're going to have access into India. You have to understand, we had no access to any of these countries. Our people couldn't go in and now we're getting access because of what we're doing with the tariffs…,' Trump had added.
Last week Trump had indicated that the US was nearing a trade deal with India. Commerce Minister Piyush Goyal too had said earlier this week that talks for a trade deal between India and the US were proceeding at a 'very fast pace'.
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