Donald Trump says trade deal with India is ‘very close'
Trump added that a trade deal could also be reached with the European Union. It is too soon to say whether an agreement can be reached with Canada, the US president said.
Washington has set August 1 as the deadline to conclude trade negotiations.
The US president had repeatedly said he intended to impose a reciprocal tax on several nations, citing high tariffs the countries impose on foreign goods.
Trump's so-called reciprocal tariffs took effect on April 9. Hours later, however, he had reduced the rates on imports from most countries to 10% for about three months to provide time for trade negotiations.
The tariff plans led to concerns of a broader trade war that could disrupt the global economy and trigger a recession.
Trump had said on June 27 that New Delhi could sign a 'very big' trade deal with Washington soon. On July 2, the White House said that the deal was close to being finalised and would be announced soon.
An Indian team led by Union Commerce Minister Piyush Goyal had visited the US in May to negotiate the agreement. Following this, a team of negotiators from the United States was in India for a week in June.
Goyal said on Monday that the talks were ' going on at a very fast pace
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