
New Delhi, June 27: Former US President Donald Trump on Thursday hinted at a potentially “very big” trade deal with India, weeks after closed-door negotiations between the two countries concluded in Washington.
Speaking at the Big Beautiful Event at the White House, Trump said, “We just signed with China yesterday. We have some great deals. One may be coming up with India — a very big one.” He added that the US would not pursue trade deals with every country, suggesting a selective, strategic approach.
The four-day negotiations focused on expanding market access, reducing tariffs, and addressing non-tariff barriers across industrial and agricultural sectors. The Indian delegation was led by Commerce Ministry’s Rajesh Agrawal, while the US side was headed by officials from the Office of the US Trade Representative.
Sources say the proposed deal aims to boost bilateral trade from $190 billion to $500 billion by 2030.
Union Commerce Minister Piyush Goyal confirmed that talks are ongoing to strike a “fair, equitable, and balanced” agreement. “PM Modi and President Trump met in February 2025 and agreed on the importance of a mutually beneficial trade pact,” he said.
Earlier this month, US Secretary of Commerce Howard Lutnick also indicated that the deal could be finalized soon, noting that both countries are finding common ground.
US-China Deal Also Signed
Trump also mentioned a new trade agreement with China, signed a day earlier, focused on accelerating rare earth shipments to the US. According to a White House official, the pact includes a framework tied to the Geneva agreement, following a period of heightened tensions and stalled trade between the two countries.
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