One of first US trade deals may be with India, Treasury’s Bessent says | Reuters

2 comments

1. SS:
   ### Summary:

   On April 28, 2025, U.S. Treasury Secretary **Scott Bessent** indicated that **India** is likely to be among the first countries to finalize a **new U.S. trade agreement**, as discussions to avoid impending U.S. tariffs progress positively. Bessent noted during interviews with CNBC and Fox News that **negotiations with India, Japan, and South Korea** had made **substantial progress**, and a deal with India might be signed **within a week or two**.

   Vice President **J.D. Vance’s recent visit to India** reportedly helped advance talks significantly. Bessent also mentioned that **China’s recent easing of retaliatory tariffs** on certain U.S. goods signals Beijing’s interest in de-escalating trade tensions, though he emphasized that **China must take further steps** given the large U.S. trade deficit.

   President **Donald Trump** is expected to be **directly involved** in crafting individual trade deals with around **15 to 18 key U.S. partners**, aiming to secure agreements in principle soon.

2. This is actually a fairly smart play by the Trump administration as it achieves numerous goals.
   1. Solidify’s Vance’s connections within India and just internation connections, which is important if he is to be trumps successor.
   2. Replaces China with a more palatable nation, that has a large low paid workforce.
   3. Isolate China in the region in general(although India and China already hate eachother so it isn’t very difficult)

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