US 'Pretty Close' to Trade Deal With India, Trump Signals Potential Tariff Reduction

US President Donald Trump has stated his administration is "pretty close" to securing a "fair trade deal" with India. Speaking at the White House, Trump hinted that tariffs imposed on New Delhi could be lowered "at some point," claiming that India has substantially reduced its purchases of Russian oil. The remarks suggest a potential de-escalation in trade tensions that have strained economic relations between the two countries, potentially paving the way for a new bilateral trade agreement.