US President Donald Trump has said that talks with India on tariffs are going great and the two countries will reach a trade agreement soon. The US President informed reporters outside the White House last night ahead of a rally in Michigan.

Earlier this week, US Treasury Secretary Scott Bessent also affirmed that India could be one of the first to sign a trade deal with the US, though he did not provide any further details. In February, India and the US agreed to begin work on the first phase of a trade deal, aiming to conclude it by the end of this year and boost bilateral trade to 500 billion dollars by 2030.

Donald Trump had levied a 26 per cent reciprocal tariff on India, and had later announced a 90-day pause on the duties to discuss trade agreements with several countries.