Former US President Donald Trump has announced a 'very big' trade deal with India. He stated that new opportunities would also open up for India after China, strengthening the global supply chain.
Trade Deal: Former US President Donald Trump has hinted at a 'very big trade deal' between India and the United States. He made this statement after the signing of a significant trade agreement between the US and China. Trump's statement reflects India's growing role in America's global trade policy.
Announced at the Big Beautiful Bill Event
Donald Trump made this statement during the "Big Beautiful Bill Event" held in Washington. In his speech, he said that America had just made a big deal with China and that the next goal was to take trade relations with India to new heights. He said, "We are going to make another deal, maybe with India, and it will be a very big deal."
India's Importance in America's Trade Policy
Trump emphasized that America would not make trade agreements with every country, but his administration is serious about a strategic partnership with India. He said, "We will just send thank you letters to some countries and charge them heavy tariffs, but with countries like India, we are working on a real trade partnership."
Agreement with China Regarding Rare Earth Elements
Although Trump did not give details of the deal with China in his speech, a White House official later informed that this agreement is related to the supply of Rare Earth Elements. Due to the shortage of these minerals, American industries, especially in the auto, defense, and technology sectors, were facing difficulties.
According to the official, the US and China have agreed on a new framework under the Geneva agreement to speed up Rare Earth Shipments. This will positively impact the supply chain.
Why is this proposed deal important for India?
Trade relations between India and the United States are already getting ber. India is a trusted strategic partner of the US, and bilateral trade between the two countries has increased rapidly in recent years. This proposed deal will be significant for India in many ways:
Supply Chain Diversification: The US is looking at India as an alternative supply base to reduce dependence on China.
Technology Transfer: The potential agreement may provide India with better access to advanced technologies.
Market Access: India is likely to get more access to the US market, which could boost exports of Indian products.
