UPDATE: Trump Says India Trade Deal Coming ‘Soon’
July 2, 2025, 10:45 AM, Washington D.C. — Former U.S. President Donald Trump declared that a long-awaited trade deal with India could arrive “very soon” as the July 9 tariff deadline looms. Talks are in a critical phase, with key sectors like agriculture and manufacturing still unresolved.
🟨 Trump Signals Optimism Despite Ongoing Hurdles
Trump said India is ready to “lower barriers,” suggesting a softening stance as deadline pressure mounts.
“We’re working on it — it’s coming together,” he told reporters.
Analysts suggest this statement is meant to ease market nerves and pressure negotiators.
🟨 India Seeks Concessions on Key Export Sectors
Indian trade reps are pushing for access in gems, textiles, and services. However, U.S. officials remain cautious about opening too many doors too soon.
“We are prioritizing national interest,” said an Indian Commerce Ministry source.
🟨 Dairy, Steel Remain Sticking Points
India has refused to lower barriers on dairy imports to protect small farmers. Similarly, U.S. demands on steel tariff rollback remain unresolved.
“These are political landmines in both countries,” said economist Dr. Rina Narayan.
🟨 Interim Deal or Deadline Fallout?
If a deal isn’t struck, Trump’s paused 26% tariffs may be reinstated after July 9. Observers believe a small-scale interim agreement could still emerge in time.
“They might announce something symbolic just to dodge the tariff shock,” said trade expert Mark Lively.
FAQs About Trump–India Trade Deal
Q1: Will Trump’s 26% tariffs resume after July 9?
A1: Yes, unless a deal is finalized, suspended tariffs may be reimposed on Indian exports.
Q2: What sectors are blocking the deal?
A2: Dairy, auto parts, and steel are major sticking points, especially for India’s rural and industrial lobbies.
