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'Close' to deal with India: Trump
Business Standard
|July 09, 2025
Says sending letters to more trade partners, will offer no extension beyond Aug 1
United States (US) President Donald Trump on Tuesday said America was "close" to signing a trade deal with India, but he did not give a date or details on it.
Trump's statement came soon after he sent formal letters to 14 trading partners, primarily in Asia, threatening them with steep reciprocal tariffs, ranging from 25 to 40 per cent, from August 1.
India was kept out of the list.
He extended the country-specific reciprocal tariff deadline by over three weeks to August 1. In the letters, he mentioned that the tariffs these countries would face if they failed to conclude a deal.
The countries are Japan, South Korea, Malaysia, South Africa, Kazakhstan, Tunisia, Bosnia and Herzegovina, Indonesia, Bangladesh, Serbia, Thailand, Myanmar, Cambodia, and Laos.
Trump further said more letters would be sent to countries and "no extension will be granted" beyond August 1.
Esta historia es de la edición July 09, 2025 de Business Standard.
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