US Will Soon Sign Very Big Deal With India: Trump

US President Donald Trump on Thursday claimed that America will soon sign a "very big" deal with India. He also mentioned that a deal has been struck with China.

Speaking at the Big Beautiful Bill event on trade deals, Trump said, "Everybody wants to make a deal and have a part of it. Remember a few months ago, the press was saying, 'You really have anybody of any interest? Well, we just signed with China yesterday. We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China."

The US President stated that he will not sign deals with every other nation. "We're not going to make deals with everybody. Some we are just going to send them a letter, say thank you very much. You are to pay 25, 35, 45 per cent. That's the easy way to do it, and my people don't want to do it that way. They want to do some of it, but they want to make more deals than I would do," he added.

"But we're having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we're starting to open up China. Things that never really could have happened, and the relationship with every country has been very good."

However, Trump has not revealed the details of the deals yet.

It may be recalled that Union Commerce and Industry Minister Piyush Goyal had on June 10 said that both countries were in the process of negotiating a fair and equitable trade agreement that benefits both economies.

Speaking at a press conference over India-US trade deal and Future trade agreement with the European Union, Piyush Goyal said, "PM Narendra Modi and US President Trump met in February 2025...Both our leaders have decided to enter into a bilateral trade agreement which will be mutually beneficial for both the economies, businesses on both sides and the people of both countries. We are negotiating to make a nice, fair, equitable and balanced agreement to promote business."

He highlighted that both countries are "very close friends, allies and strategic partners" and the trade deal is an opportunity to expand bilateral trade and strengthen the partnership between the two nations.

The aim of the Negotiations is to take the annual bilateral trade between the US and India to $500 billion by 2030 from the current $190 billion.