Washington, June 28: U.S. President Donald Trump on Thursday announced that the United States has signed a trade deal with China and suggested that a “very big” trade agreement with India could follow soon.
Speaking at the “Big Beautiful Bill” event at the White House, Trump did not provide specific details of the agreement with China but said it marked a significant step toward opening up the Chinese market.
“Everybody wants to make a deal and have a part of it,” Trump said, according to ANI. “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.”
The trade truce with China has brought temporary relief to global markets, businesses, and consumers, many of whom have been rattled by months of heightened tariffs and economic uncertainty stemming from U.S.-China tensions.
Trump’s comments also signaled a deepening of economic engagement with India, a key strategic partner for Washington in the Indo-Pacific region. While no timeline was mentioned, a potential trade deal with India would mark a significant step forward in bilateral economic relations.
Earlier this month, U.S. Commerce Secretary Howard Lutnick indicated that a U.S.-India trade deal could be finalized in the near future, as both sides had found mutually agreeable terms.
“I think we’re in a very, very good place, and you should expect a deal between the United States and India in the not-too-distant future,” Lutnick said at the U.S.-India Strategic Partnership Forum.
A formal trade agreement between the two democracies could bolster ties across sectors including technology, pharmaceuticals, agriculture, and defense, while also offering political and economic advantages to both nations ahead of key elections.
