<p>A deal with India is &#8220;very close,&#8221; Treasury Secretary Scott Bessent said on Tuesday, signaling what could be a major breakthrough in negotiations with a significant trade partner.</p>
<p>Many foreign countries, including India, face a 10% baseline tariff after President Donald Trump announced a 90-day pause for harsher &#8220;Liberation Day&#8221; tariffs he unveiled at the beginning of April. The tariffs for India could rise to 26%, which was the initial rate, if a deal is not reached.</p>
<p>At a White House press briefing, a reporter asked Bessent if he had anything to share on whether &#8220;something could happen&#8221; this week or the next. He <a href="https://www.realclearpolitics.com/video/2025/04/29/bessent_trade_talks_with_india_korea_japan.html" target="_blank" rel="noopener">chose</a> to focus on India.</p>
<p>&#8220;I think we’re very close on India,&#8221; Bessent said. &#8220;India — just a little inside baseball. India, in a funny way, is easier to negotiate with than many other countries because they have very high tariffs and lots of tariffs.&#8221;</p>
<p>He added: &#8220;So, it’s much easier to confront the direct tariffs when, as we go through these unfair trade deals that have been put in over decades, that the non-tariff trade barriers can be much more insidious and also harder to detect. So, a country like India, which has the posted and ready tariffs, it’s much easier to negotiate with them. I think the India negotiations will move well.&#8221;</p>
<p>Last week, Vice President JD Vance travelled to India and met with the country&#8217;s prime minister, Narendra Modi.</p>
<p>Vance <a href="https://x.com/EricLDaugh/status/1914650218940805207" target="_blank" rel="noopener">announced</a> the United States and India finalized the “terms of reference” for a trade negotiation, adding that he believed it was a &#8220;vital step toward realizing President Trump&#8217;s and Prime Minister Modi&#8217;s vision because it sets a roadmap toward a final deal.&#8221;</p>
<p>India, along with Japan and South Korea, seem to be making the greatest amount of headway in talks with the United States.</p>
<p>These &#8220;Asian trading partners and allies,&#8221; Bessent said, &#8220;have been the most forthcoming in terms of doing the deals &#8230; Vice President Vance was in India last week. I think that he and President Modi made very good progress, so I could see some announcements on India. I could see the contours of a deal with the Republic of Korea coming together, and then we&#8217;ve had substantial talks with the Japanese.&#8221;</p>
<p>Because Japan and South Korea have elections coming up in the months ahead, Bessent sees an opportunity to reach agreements with them sooner rather than later.</p>
<p>&#8220;I think from our talks that these governments actually want to have the framework of a trade deal done before they go into the elections to show that they have successfully negotiated with the United States,&#8221; Bessent said. &#8220;So, we’re finding that they’re actually much more keen to come to the table, get this done, and then go home and campaign on it.&#8221;</p>
<p>Trump implemented the &#8220;Liberation Day&#8221; tariffs by declaring a <a href="https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/" target="_blank" rel="noopener">national emergency</a> to combat what his administration says are unfair trade practices, protect American workers, and strengthen national security. While most countries received a 90-day reprieve, the United States <a href="https://www.dailywire.com/news/trump-issues-90-day-pause-on-most-tariffs-raises-chinas-to-125" target="_blank" rel="noopener">increased</a> the overall tariff level on China to 145%. Beijing responded by <a href="https://www.cnbc.com/2025/04/11/china-strikes-back-with-125percent-tariffs-on-us-goods-starting-april-12.html" target="_blank" rel="noopener">raising</a> tariffs on U.S. goods to 125%.</p>
<p>Bessent would not say during the briefing whether Trump administration officials have been talking with their counterparts from China about tariffs, but he did <a href="https://grabien.com/story?id=525096" target="_blank" rel="noopener">express</a> the view that, &#8220;over time, we will see that the Chinese tariffs are unsustainable for China.&#8221;</p>

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Sorry, China: Bessent Says Deal With Massive Trade Partner ‘Very Close’

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Sorry, China: Bessent Says Deal With Massive Trade Partner ‘Very Close’