<p>US President Donald Trump said America is going to have a “very big” trade deal with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries.</p><p>"We're having some great deals. We have one coming up, maybe with India, a very big one, where we're going to open up India,” Trump said during an event at the White House promoting passage of the GOP's tax and spending cuts legislation on Thursday.</p><p>Here's all you need to know about Trump's ‘very big’ trade deal with India:</p>.<p>Trump said US is "starting to open up with China". “In the China deal, we're starting to open up China. Things that never really could have happened, and the relationship with every country has been very good,” Trump said.</p><p>The president, however, did not elaborate on the details of the deal signed with China.</p><p>He said that every country wanted to make a deal and have a part of it, and his administration officials were working overtime, making deals with countries.</p>.<p>Indian team headed by chief negotiator Rajesh Agarwal on Thursday arrived in Washington for the next round of trade talks with the US.</p><p>Agrawal is the special secretary in the Department of Commerce.</p><p>India and the US are engaged in negotiations for an interim trade deal and are trying to finalise a pact before July 9.</p><p>The high tariffs announced by the US on April 2 were suspended by the Trump administration till July 9.</p>.<p>Agriculture and dairy sectors are difficult and challenging areas for India to give duty concessions to the US. India has not opened up dairy in any of its free trade pacts signed so far.</p><p>The US wants duty concessions on certain industrial goods, automobiles - especially electric vehicles, wines, petrochemical products, dairy, and agricultural items like apples, tree nuts, and genetically modified crops.</p><p>India is seeking duty concessions for labour-intensive sectors like textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas in the proposed trade pact.</p>.<p>Trade talks between India and US <a href="https://www.deccanherald.com/india/explained-key-issues-in-india-us-trade-talks-ahead-of-july-9-deadline-3603918#6">hit a roadblock</a> on Thursday over disagreements on duties for auto component, steel and farm goods, Indian government sources said, dashing hopes of reaching an interim deal.</p><p>"Lack of reciprocity", Strategic alignment, Tensions over Pakistan are some of the issues that were noted.</p><p><em>(With PTI and Reuters inputs)</em></p>
<p>US President Donald Trump said America is going to have a “very big” trade deal with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries.</p><p>"We're having some great deals. We have one coming up, maybe with India, a very big one, where we're going to open up India,” Trump said during an event at the White House promoting passage of the GOP's tax and spending cuts legislation on Thursday.</p><p>Here's all you need to know about Trump's ‘very big’ trade deal with India:</p>.<p>Trump said US is "starting to open up with China". “In the China deal, we're starting to open up China. Things that never really could have happened, and the relationship with every country has been very good,” Trump said.</p><p>The president, however, did not elaborate on the details of the deal signed with China.</p><p>He said that every country wanted to make a deal and have a part of it, and his administration officials were working overtime, making deals with countries.</p>.<p>Indian team headed by chief negotiator Rajesh Agarwal on Thursday arrived in Washington for the next round of trade talks with the US.</p><p>Agrawal is the special secretary in the Department of Commerce.</p><p>India and the US are engaged in negotiations for an interim trade deal and are trying to finalise a pact before July 9.</p><p>The high tariffs announced by the US on April 2 were suspended by the Trump administration till July 9.</p>.<p>Agriculture and dairy sectors are difficult and challenging areas for India to give duty concessions to the US. India has not opened up dairy in any of its free trade pacts signed so far.</p><p>The US wants duty concessions on certain industrial goods, automobiles - especially electric vehicles, wines, petrochemical products, dairy, and agricultural items like apples, tree nuts, and genetically modified crops.</p><p>India is seeking duty concessions for labour-intensive sectors like textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas in the proposed trade pact.</p>.<p>Trade talks between India and US <a href="https://www.deccanherald.com/india/explained-key-issues-in-india-us-trade-talks-ahead-of-july-9-deadline-3603918#6">hit a roadblock</a> on Thursday over disagreements on duties for auto component, steel and farm goods, Indian government sources said, dashing hopes of reaching an interim deal.</p><p>"Lack of reciprocity", Strategic alignment, Tensions over Pakistan are some of the issues that were noted.</p><p><em>(With PTI and Reuters inputs)</em></p>
