“We are very close with India” on trade deal, Bessent tells Fox News

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FILE PHOTO: U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol as Republican lawmakers struggle to pass U.S. President Donald Trump?s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., June 27, 2025. REUTERS/Elizabeth Frantz/File Photo

(Reuters) -The U.S. and India are nearing a deal to lower tariffs on American imports to the South Asian country and to help India avoid levies imposed by the Trump administration rising sharply next week, Treasury Secretary Scott Bessent said on Tuesday

“We are very close with India,” Bessent told Fox News in response to a question about progress on trade negotiations.

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