U.S. Commerce Secretary Howard Lutnick said on Monday that the United States and India could reach a trade deal soon. He believes this agreement may help avoid the new tariffs President Donald Trump has threatened.
Speaking at the U.S.-India Strategic Partnership Forum, Lutnick stated, “You should expect a deal between the United States and India in the not-too-distant future.” He also added, “I’m very optimistic.”
Trump Sets Deadline to Prevent Tariffs
Meanwhile, President Trump has given countries until July 9 to make trade agreements. Otherwise, they risk facing wide-ranging tariffs. According to Trump, the current global trade system is unfair to the U.S., and he wants to change it.
Lutnick Supports Tariffs but Praises India
Despite backing tariffs, Lutnick also showed support for India. “I’m a great fan of India,” he said. However, he raised concerns about India’s use of tariffs, which have troubled U.S. officials for years.
Talks Aim to Reduce Trade Barriers
Furthermore, Lutnick said both countries are discussing ways to lower tariff levels. “Bringing them down to a level that is reasonable and appropriate so we can be great trading partners with each other, I think is absolutely on the table,” he noted.
U.S. Concerned Over India’s Military Deals with Russia
Additionally, Lutnick pointed out another issue. He said India’s purchase of military equipment from Russia has upset the U.S. “There were certain things that the Indian government did that generally rubbed the United States the wrong way. For instance, they generally buy military gear from Russia,” he explained.
India Responding to U.S. Concerns
However, Lutnick confirmed that the Indian government is working to resolve these issues. He said, “the Indian government is addressing it specifically and directly.” According to him, President Trump has made U.S. concerns clear to Indian leaders.
