India To Be Among First US Trade Deals, Says Treasury Secretary

US Treasury Secretary Scott Bessent has said that India is likely to be among the first countries to finalise a bilateral trade agreement with the US to avert reciprocal tariffs by President Donald Trump.

Bessent made these remarks on Monday during an interview with CNBC's Squawk Box' to discuss the latest developments on President Trump’s trade negotiations with other countries.

"Negotiations with our Asian trading partners are going very well. Vice President (JD) Vance was in India last week and talked about substantial progress. I have mentioned that the negotiations with the Republic of Korea have gone very well. And I think we've had some very substantial negotiations with our Japanese allies," Bessent said.