“We are in the middle – hopefully more than the middle – of a very intricate trade negotiation,” Indian Foreign Minister Subrahmanyam Jaishankar told an event in New York on Monday.
“Obviously, my hope would be that we bring it to a successful conclusion. I cannot guarantee it, because there’s another party to that discussion,” said Jaishankar, who is in the US for a meeting of the Quad security grouping that also includes Australia and Japan.
He added that there “will have to be give and take” and the two sides will have to find middle ground.
Bessent told Fox News that different countries have different agendas for trade deals, including Japan, which Trump complained about on Monday. But Bessent added that career trade negotiators are impressed with the offers that countries are making to the US.
“People who have been at Treasury, at Commerce, at USTR for 20 years, are saying that these are deals that they have never seen before,” Bessent said.
So far, only Britain has negotiated a limited trade deal with the Trump administration, accepting a 10 per cent US tariff on many goods, including autos, in exchange for special access for aircraft engines and British beef.
