Trump says deal signed with China, hints at "great deal" coming up with India
Washington, DC: US President Donald Trump said on Thursday (US local time) that America has signed a deal with China and hinted that a "very big" deal with India will follow soon.
Trump made the remarks while speaking at the Big Beautiful Bill event.
In his speech hinting towards trade deals, Trump said, "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."
Trump asserted that deals will not be made with every other nation.
"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. That's the easy way to do it, and my people don't want to do it that way. They want to do some of it, but they want to make more deals than I would do," he said."
"But we're 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're starting to open up China. Things that never really could have happened, and the relationship with every country has been very good" he added.
However, Trump did not elaborate on the details of the deal signed with China.
Earlier in June, CNN reported that the United States and China reached a new trade agreement, reviving terms first agreed to in Geneva last month, after escalating tensions led to a virtual halt in bilateral trade.
The trade truce had brought temporary relief to global markets, businesses, and consumers rattled by months of tariff hikes and growing uncertainty.
President Donald Trump announced on Truth Social previously that the "deal" was complete, confirming that both countries would ease export restrictions. "Our deal with China is done," Trump posted in all-caps, stating that China would supply "full magnets, and any necessary rare earths...up front," as per the Geneva framework.
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.
"I think to be in a very, very good place, and you should expect a deal between the United States and India in the not-too-distant future because I think we found a place that really works for both countries."
When asked if he was hopeful about the outcome, Lutnick said he was "very optimistic," and added, "It could be sort of the way I come across," he said.
Meanwhile, on June 10, Union Commerce and Industry Minister Piyush Goyal said that India and the US were in the process of negotiating a fair and equitable trade agreement that will benefit both economies.
Addressing a press conference over India-US trade deal and Future trade agreement with the European Union, Piyush Goyal said, "PM Narendra Modi and US President Trump met in February 2025...Both our leaders have decided to enter into a bilateral trade agreement which will be mutually beneficial for both the economies, businesses on both sides and the people of both countries. We are negotiating to make a nice, fair, equitable and balanced agreement to promote business."
Highlighting that both America and India are "very close friends, allies and strategic partners", Piyush Goyal said that the trade deal is an opportunity to expand bilateral trade and strengthen the partnership between the two nations
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Observer
3 hours ago
- Observer
China, US ease trade restrictions after deal
China and the United States have agreed to ease some trade restrictions, according to statements from both sides. China's Ministry of Commerce announced on Friday that it will review and approve applications for the export of 'controlled goods' that comply with regulations, while the US would lift a series of 'restrictive measures' against China. US President Donald Trump previously mentioned a signed agreement with China but left many questions unanswered. "We just signed with China yesterday," the Republican said at an event at the White House while talking about making deals with other countries. Trump also suggested that there could 'maybe' be a 'very big' deal with India. US Commerce Secretary Howard Lutnick later confirmed in an interview with financial news agency Bloomberg that the deal with China had been signed. He said China would supply rare earths, while the US will end its countermeasures. Since Trump launched a trade war with Beijing in February, the world's two largest economies have been locked in a tit-for-tat tariff fight that has unnerved global markets. In April, Trump increased tariffs on goods from China to as much as 145 per cent. In response, Beijing imposed counter-tariffs of 125 per cent and introduced export controls on industrially important rare earths and magnets made from them, on which China holds a near-monopoly. At the height of the tariff dispute in May, high-level delegations from both sides agreed in Geneva to significantly reduce tariffs for 90 days while continuing negotiations. It remains unclear, however, what will happen after the August deadline. The US has since imposed further restrictions on the export of important technology, such as software for computer chips and aviation components, for which China still relies on foreign manufacturers. Another meeting between the two sides, in London in early June, focused on the trade restrictions. US representatives eventually agreed with their Chinese counterparts on a reduction, although for a long time no details emerged. Observers interpreted the outcome as a return to the state of play after the Geneva meeting. Both countries' presidents were expected to approve the decisions following the London talks. Beijing's export restrictions on rare earths has put significant pressure on industries outside of China. The measures affected all countries, not just the US. In Germany's important automotive and mechanical engineering sectors, companies are concerned about the supply of important metals used in sensors or electric motors. China justified the controls by stating that the raw materials can have both civilian and military uses. Companies said it was taking along time for China's Ministry of Commerce to process applications, without certainty of approval. Concerns have grown about potential production halts. The Ministry of Commerce in Beijing has repeatedly said it has approved applications for companies in the EU and intends to speed up the process. — dpa
Times of Oman
4 hours ago
- Times of Oman
US details 'most secret and most complex military operation' targeting Iran's nuclear sites: Pentagon
Washington DC: The Pentagon on Thursday disclosed new details about the United States' secretive bombing operation targeting three Iranian nuclear sites, highlighting the crews involved and Iran's last-minute attempts to fortify the Fordow facility, CNN reported. In a morning briefing, Defense Secretary Pete Hegseth called the raid "the most secret and most complex military operation in history." While few specifics were provided, Joint Chiefs of Staff Chairman Gen. Dan Caine outlined how the mission was conducted and shared rare details about the personnel and technology behind it. According to CNN, the crews that flew the 37-hour mission included both men and women, ranging from captain to colonel, drawn from the US Air Force and the Missouri Air National Guard. Most were graduates of the elite Air Force Weapons School in Nevada. "When the crews went to work on Friday, they kissed their loved ones goodbye, not knowing when or if they'd be home," Caine said. "Late on Saturday night, their families became aware of what was happening." He added that when the bombers returned to Missouri, their families greeted them with "flags flying and tears flowing." CNN also reported that days before the mission, Iran attempted to fortify the Fordow nuclear facility -- which is embedded deep in a mountain -- by pouring concrete over the ventilation shafts that US bombs would need to penetrate. "I won't share the specific dimensions of the concrete cap," Caine said. "But you should know that we know what the dimensions of those concrete caps were. The planners had to account for this. They accounted for everything." Despite these adjustments, Caine stated that the 30,000-pound bunker-buster bombs used in the operation worked "as designed" and that trailing jets confirmed the weapons had functioned as intended. He also showed video footage of a bomb penetrating a bunker, with an orange glow and fireball emerging from the structure. However, the Pentagon did not offer new intelligence to support President Donald Trump's claim that the strikes had "obliterated" Iran's nuclear program. Caine and Hegseth referred questions regarding the effectiveness of the strikes to intelligence agencies. "We don't grade our own homework," Caine said. "The intelligence community does." While the Fordow facility was discussed in detail, the two other targets -- Natanz and Isfahan -- were not mentioned. At Fordow, Hegseth remarked that a full assessment would require "a big shovel," noting that "no one's under there able to assess" the damage yet. An early assessment from the Pentagon's Defense Intelligence Agency, reported by CNN and other outlets, suggested the strikes did not destroy Iran's core nuclear capabilities and might have only set them back by months. CIA Director John Ratcliffe later said the facilities were destroyed and would need to be rebuilt over several years. During the briefing, Hegseth continued to defend Trump's characterization of the operation, stating that assessments are still underway but calling it a "historically successful attack."
Times of Oman
15 hours ago
- Times of Oman
Trump says deal signed with China, hints at "great deal" coming up with India
Washington, DC: US President Donald Trump said on Thursday (US local time) that America has signed a deal with China and hinted that a "very big" deal with India will follow soon. Trump made the remarks while speaking at the Big Beautiful Bill event. In his speech hinting towards trade deals, Trump said, "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." Trump asserted that deals will not be made with every other nation. "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. That's the easy way to do it, and my people don't want to do it that way. They want to do some of it, but they want to make more deals than I would do," he said." "But we're 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're starting to open up China. Things that never really could have happened, and the relationship with every country has been very good" he added. However, Trump did not elaborate on the details of the deal signed with China. Earlier in June, CNN reported that the United States and China reached a new trade agreement, reviving terms first agreed to in Geneva last month, after escalating tensions led to a virtual halt in bilateral trade. The trade truce had brought temporary relief to global markets, businesses, and consumers rattled by months of tariff hikes and growing uncertainty. President Donald Trump announced on Truth Social previously that the "deal" was complete, confirming that both countries would ease export restrictions. "Our deal with China is done," Trump posted in all-caps, stating that China would supply "full magnets, and any necessary rare front," as per the Geneva framework. 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. "I think to be in a very, very good place, and you should expect a deal between the United States and India in the not-too-distant future because I think we found a place that really works for both countries." When asked if he was hopeful about the outcome, Lutnick said he was "very optimistic," and added, "It could be sort of the way I come across," he said. Meanwhile, on June 10, Union Commerce and Industry Minister Piyush Goyal said that India and the US were in the process of negotiating a fair and equitable trade agreement that will benefit both economies. Addressing a press conference over India-US trade deal and Future trade agreement with the European Union, Piyush Goyal said, "PM Narendra Modi and US President Trump met in February our leaders have decided to enter into a bilateral trade agreement which will be mutually beneficial for both the economies, businesses on both sides and the people of both countries. We are negotiating to make a nice, fair, equitable and balanced agreement to promote business." Highlighting that both America and India are "very close friends, allies and strategic partners", Piyush Goyal said that the trade deal is an opportunity to expand bilateral trade and strengthen the partnership between the two nations
