With an interim deal anticipated early July, US Commerce Secretary Howard Lutnick Monday mentioned a commerce settlement between India and the USA may occur in “not too distant future” as a result of “we discovered a spot that basically works for each nations”.
He was talking on the eighth version of the US-India Strategic Partnership Discussion board (USISPF) in Washington D C. That is the primary time that enterprise leaders from the QUAD grouping of Australia, India, Japan and the US can be honoured on the USISPF summit.
I spoke on the U.S.-India Strategic Partnership Discussion board Annual Management Summit tonight.
We now have a terrific relationship between our nations. I’m optimistic for a commerce deal quickly that can profit each nations.
🇺🇸🇮🇳 pic.twitter.com/BCO8UYx7Wc
— Howard Lutnick (@howardlutnick) June 3, 2025
This comes days after US President Donald Trump on Friday made an analogous assertion, saying that the US is “very shut to creating a take care of India”.
“After they put the correct individual in India, put the correct individual on the opposite facet of the desk, and we’ve managed (that), I feel,” Lutnick mentioned in his keynote handle.
In a publish on X which has his video assertion, he added: “We now have a terrific relationship between our nations. I’m optimistic for a commerce deal quickly that can profit each nations.”
Within the final week of Might, India’s Commerce Minister Piyush Goyal led a delegation to Washington, the place he met Lutnick to push for bilateral commerce negotiation. India is searching for the elimination of the 26 per cent reciprocal tariff and duty-free entry for labour-intensive export objects resembling textiles and footwear within the US.
What Trump mentioned on India-US deal
On Friday, Trump had additionally cautioned that continued tensions between India and Pakistan may jeopardise progress.
“Pakistan representatives are coming in subsequent week. We’re very shut to creating a take care of India. And I wouldn’t have any curiosity in making a take care of both in the event that they had been going to be at warfare with one another,” he mentioned, talking to reporters at Joint Base Andrews.
–With PTI inputs