Speaking aboard Air Force One, Trump suggested that India could be close to making concessions on market access for American firms, potentially clearing the way for a reduced tariff framework.

President Donald Trump confirmed that the United States and India are nearing a trade deal with significantly reduced tariffs. As the July 9 deadline approaches, both nations have intensified negotiations to prevent the reimposition of suspended 26% reciprocal tariffs.

India and the US are negotiating over a Bilateral Trade Agreement (BTA) before the crucial July 9 deadline of the 90-day pause on tariff escalation.