The president said it was ’too soon’ to comment on the progress of agreeing on a trade deal with Canada.
President Donald Trump said on Wednesday that the United States is “very close” to reaching a trade agreement with India, adding that a deal with the European Union is also possible.
When asked which trade deals were on the horizon, Trump told Real America’s Voice (RAV), “We’re very close to India … we could possibly make a deal with [the] EU.”
He added that it was “too soon” to comment on the progress of agreeing on a trade deal with Canada.
The Trump administration has been in negotiations with several countries on trade deals ahead of the Aug. 1 deadline, when duties on imports to the United States are set to rise.
Under the current plan, India would face reciprocal tariffs of 27 percent if no deal is reached before next month.
According to the U.S. Trade Representative’s Office, the United States’ total goods trade with India was an estimated $129.2 billion last year. The trade deficit with India was $45.7 billion in 2024, a 5.4 percent increase ($2.4 billion) from 2023.
India’s minister of commerce and industry, Piyush Goyal, told reporters on Monday that U.S.–India trade negotiations “are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win-win, trade-complementing agreement with the United States.”
Possible EU Deal
The EU is also facing an Aug. 1 deadline to agree on a deal with the United States.
U.S. total goods trade with the EU totaled an estimated $975.9 billion in 2024, according to the U.S. Trade Representative’s Office. The trade deficit with the bloc was $235.6 billion in 2024, a 12.9 percent increase ($26.9 billion) from 2023.
EU goods could face a 30 percent import tariff if a deal is not made by August.
Trump told RAV co-host John Solomon that the EU “has been brutal, and now they’re being very nice.”
“They want to make a deal, and it’ll be a lot different than the deal that we’ve had for years,” he said. “We could make a deal, possibly, with Europe.”
Germany, Italy, and Ireland are among the member states most likely to be affected if Brussels and Washington fail to reach a trade deal, as they have some of the largest trade surpluses with the United States.
Negotiations continue, with EU Trade Commissioner Maros Sefcovic having headed to Washington on July 16 to meet with U.S. officials.
Earlier this week, Sefcovic described the 30 percent tariff as “absolutely unacceptable” and “absolutely prohibitive to any trade.”
He added that while the EU would prefer to reach a deal with the United States, if negotiations fail, the bloc could implement its own levies.
