Negotiations continue in Washington as both sides work to prevent reciprocal tariffs from rising to 27 percent after a 90-day pause expires July 9.
Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee on Capitol Hill in Washington on June 11, 2025. Madalina Vasiliu/The Epoch Times
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The United States and India are “very close” to a trade agreement, Treasury Secretary Scott Bessent said on Tuesday.
In a July 1 interview with Fox News, he said the pending deal is aimed at lowering tariffs and preventing a sharp increase in reciprocal tariffs scheduled for July 9.
Austin Alonzo covers U.S. political and national news for The Epoch Times. He has covered local, business and agricultural news in Kansas City, Missouri, since 2012. He is a graduate of the University of Missouri. You can reach Austin via email at [email protected]
