India-US trade deal: ‘Close to making a deal with India,’ says Donald Trump; US President releases tariff letters for countries

NEW DELHI: US President Donald Trump on Tuesday mentioned that the States was “close to making a deal with India” as he launched tariff letters to varied buying and selling companions, informing them of the reciprocal tariff charges that might be efficient from August 1, 2025. “We are close to making a deal with India. We’ve made a deal with the United Kingdom. We’ve made a deal with China,” he mentioned.“Others we met with, and we don’t think we’re going to be able to make a deal, so we just send them a letter. We’re sending out letters to various countries telling them how much tariffs they have to pay. Some will maybe adjust a little bit depending if they have a cause, we’re not going to be unfair about it,” he added.Talking about his August 1 deadline, Trump mentioned, “I would say firm but not a 100 per cent firm. If they call up and they say we would like to do something in a different way, we will be open to that.”Trump introduced new 25% tariffs on Japan and South Korea by way of Truth Social, adopted by related tariff letters to a number of different countries together with Bangladesh, Indonesia, and South Africa. He warned that if trade offers aren’t finalized quickly, US import duties will return to the upper charges set in April.Indian officers had been in Washington final month, concerned in hectic negotiations with US representatives to finalise the trade deal.Donald Trump had introduced a 26 per cent retaliatory tariff on Indian items in April 2025, however later decreased it to 10 per cent fundamental responsibility, for a 90-day suspension interval that began from April 10.