During his Asia tour, US President Donald Trump announced that Washington and New Delhi are close to signing a long-awaited trade agreement. Speaking before Asia-Pacific Economic Cooperation (APEC) business leaders in South Korea, Trump said discussions between the two nations had advanced significantly, signaling renewed momentum in strengthening bilateral trade relations.
Expressing admiration for Prime Minister Narendra Modi, Trump described him as “the nicest-looking guy” and “tough as hell,” praising their strong rapport. While addressing the forum, he also revisited his claim of helping broker a ceasefire between India and Pakistan during Operation Sindoor in May—a statement New Delhi has repeatedly denied. Trump said his intervention allegedly halted hostilities between the two nuclear nations and prevented a possible escalation.
Trade negotiations between India and the US have stretched over several months, delayed by disagreements over India’s imports of discounted Russian oil and disputes on tariff levels. Sources indicate that the two sides are now working toward reducing American tariffs on Indian exports from roughly 50% to around 15%. If finalized, the deal could revitalize trade relations that had cooled after steep duties were imposed on Indian goods, including a 20% surcharge tied to oil imports from Russia.
Reports suggest that the agreement may also include mechanisms to review tariffs and ensure balanced market access. Both governments aim to craft a sustainable framework that safeguards each country’s economic priorities while expanding trade opportunities.
During his speech, Trump again took credit for diffusing tensions between India and Pakistan, remarking humorously, “Now, you think Biden would have done that? I don’t think so.” His comments drew laughter from the audience and underlined his characteristic confidence in global diplomacy.
With negotiations said to be in their final phase, officials remain optimistic that the deal could soon be announced, reshaping trade ties between Washington and New Delhi.
