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Home > All news > Economy, Export Import, Trade > India may be first to sign Trade deal with US: US Treasury Secretary

India may be first to sign Trade deal with US: US Treasury Secretary

April 25, 2025
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NEW YORK : US Treasury Secretary Scott Bessent has said he expects India to strike the first bilateral trade deal to avoid President Donal Trump‘s reciprocal tariffs.

A 26 per cent ‘reciprocal’ tariff on Indian exports to the US is currently on a 90-day pause, set to expire on July 8. However, like other countries, India is presently subject to a 10 per cent tariff under the existing policy.

According to the New York Post, Bessent told a roundtable of about a dozen reporters that trade talks with India are . . .

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