US EditionUS Treasury Secy says India likely to be first to sign trade deal with Washington
- US Treasury Secretary Scott Bessent anticipates India will finalize the first bilateral trade agreement with the United States.
- This potential agreement aims to avoid potential reciprocal tariffs President Donald Trump seeks to implement.
- India currently faces a 10 percent US tariff while a 26 percent reciprocal tariff remains paused until July 8, 2025.
- Bessent noted that "reaching a deal with the Indians is much easier" due to fewer trade barriers.
- Such a deal could become a model for India's trade strategy and boost its access to advanced US technologies.
12 Articles
12 Articles
India likely to be the first country to sign trade deal with US, says US Treasury Secretary | Here's why
In what comes as a significant development in the India-US trade talks, US Treasury Secretary Scott Bessent has suggested that India is expected to become the first country to sign a trade deal with the US. New Delhi looks to avoid US President Donald Trump's reciprocal tariffs by reaching a bilateral trade agreement with Washington. Bessent told reporters that India has non-tariff trade barriers with negligible currency manipulation, as he ackn…
Rupee Rises 25 Paise to 85.08 Against US Dollar in Early Trade
Get latest articles and stories on India at LatestLY. The rupee gained 25 paise to 85.08 against the US dollar in early trade on Friday, supported by significant foreign fund inflows and the rhetoric from the US trade secretary that India could be the first to sign a trade tariff treaty. India News | Rupee Rises 25 Paise to 85.08 Against US Dollar in Early Trade.
India Could Be The First Country To Sign Trade Deal With US To Avoid Tariffs
Currently, the 26% reciprocal tariff on India that the US imposed is on a 90-day suspension. The pause will expire on July 8th. However, India does face a 10% tariff as other nations per the US trade policy.
Donald Trump Admin Briefs Wall Street Execs On India Trade Deal
Share Tweet Pin Email By Charles Switzer 3:29pm PDT, Apr 25, 2025 Private Discussions on Trade Deals On Thursday, April 24, Fox Business senior correspondent Charles Gasparino reported that the Donald Trump administration has been holding private discussions with Wall Street executives about ongoing trade tariff deals. The information shared with these executives was not otherwise available to the public, and it offers new insights int…
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