US President Donald Trump hints at a very big deal with India

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US President Donald Trump hints at a very big deal with India

ISLAMABAD - US President Donald Trump on Friday said that Washington and New Delhi may announce a "very big" trade deal.

"I think we going to have some very big things to announce. Very big trade deal. We are doing big things with India in terms of trade, in terms of manufacturing," Trump said at the beginning of his bilateral meeting with Indian Prime Minister Narendra Modi in Japan's Osaka, as aired by the Fox television network.

Trump also congratulated the Indian prime minister on his landslide victory in the general elections.

The United States imposed 25 percent tariffs on imported steel and 10 percent tariffs on aluminium in March 2018.

India condemned the move since the country is one of the largest steel producers in the world. However, India's retaliatory duties were postponed six times, in view of the trade dialogue between the two countries. -Sputnik