India deal pretty close, will be different: Trump; pact to exclude unresolved sectors
US President Donald Trump has indicated that a trade deal with India is nearing completion, though he noted it will differ from previous agreements. Officials from both nations are working to finalize terms while potentially excluding sectors where they have failed to reach a consensus.
Why it matters
A trade agreement between the world's two largest democracies could significantly impact global supply chains and international tariff structures.
Anticipation of an early trade deal with US rose higher on Wednesday when US President Donald Trump, after months of dillydallying, said that his administration was “pretty close” to a pact with India, though asserting that it will be different from other trade agreements.“They want to make a deal. We’re going to make a deal. Pretty close, yeah… It’s going to be a much different kind of deal than we’ve done,” Trump told reporters at Oval Office.His comments came hours after US secretary of state Marco Rubio said that the two countries are “as close as you can be without having an executed agreement”.
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