The United States and India are “very close” to a trade agreement, Treasury Secretary Scott Bessent said on Tuesday.
In a July 1 interview with Fox News, he said the pending deal is aimed at lowering tariffs and preventing a sharp increase in reciprocal tariffs scheduled for July 9.
“We are very close with India,” Bessent said.
He told the media outlet that career trade negotiators from the Treasury Department, Commerce Department, and the Office of the U.S. Trade Representative (USTR) have been impressed with the offers made during talks.
“They can’t believe what we’re getting,” he said. “These are deals like they’ve never seen before.”...
