While the new deadline for reciprocal prices is looming, US President Donald Trump hinted on Wednesday to reach a new trade agreement with India soon. He also said that if a trade agreement with the European Union could be finalized, it would be too early to say that an agreement with Canada could be agreed.
The Trump administration has negotiated trade agreements with American trade partners for better commercial relations and to balance a huge American trade deficit before the deadline of August 1, when rights on most American imports are expected to increase. THE The United States was able to finalize agreements with the United Kingdom, Vietnam, Indonesia And the plans are in the final phase for certain small African and Caribbean countries.
During an interview with Real America’s Voice on Wednesday, Trump was requested which trade agreements were on the horizon and he replied by saying: “We are very close to India, and … we could possibly conclude an agreement with (the) European Union.”
The comments of the American president come while an Indian delegation arrived in Washington on Monday to discuss and finalize commercial transactions. The EU business manager, Maros Sefcovic, was also on Washington path on Wednesday for tariff discussions.
Speaking of the EU’s trade agreement, Trump said that “the European Union has been brutal, and now they are very nice. They want to conclude an agreement, and it will be very different from the agreement we have had for years “,” Reuters reported.
However, when he was asked to detail trade agreements with Canada, which is also, like the EU, preparing countermeasures if discussions with the United States fail to produce an agreement, Trump said “too early to say”.
Trump said on Tuesday that the United States was working on an agreement that could give it access to the Indian markets when it announced a trade agreement with Indonesia in which Jakarta will face a reduced rate of 19%.
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