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‘The Big Money Show’ panel discusses U.S.- China trade talks after Treasury Secretary Scott Bessent said negotiations stalled.
Pakistani officials will be visiting the U.S. next week in an effort to reach a deal to lower tariffs imposed against the Asian country, President Donald Trump said on Friday.
Pakistan faces a potential 29% tariff on its exports to America because of a $3 billion trade surplus with the U.S., following the tariffs Trump announced last month against countries around the world.
Trump noted that he would have no interest in making a deal with Pakistan or its neighbor, India, if they were to reignite a war with each other.
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President Donald Trump said on Friday that Pakistani officials are visiting the U.S. next week in an effort to reach a deal to lower tariffs. (Anna Moneymaker/Getty Images / Getty Images)
The two countries were involved in a conflict for four days earlier this month, using fighter jets, missiles, drones and artillery to conduct their worst fighting in decades.
“As you know, we’re very close to making a deal with India,” Trump told reporters at Joint Base Andrews on Friday after departing Air Force One.
Pakistan will be looking to make a deal with the U.S. as it faces a potential 29% tariff on its exports to America. (Andrew Harnik/Getty Images / Getty Images)
Indian Trade Minister Piyush Goyal visited Washington recently to advance trade talks, with both sides seeking to sign an interim agreement by early July.
Trump has imposed a 26% tariff on India’s shipments to the U.S.
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Trump said he would have no interest in making a deal with Pakistan or its neighbor, India, if they were to reignite a war with each other. (SAUL LOEB/AFP via Getty Images / Getty Images)
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India is likely to allow U.S. firms to bid for contracts worth over $50 billion, mainly from federal entities, as it negotiates a trade deal with the Trump administration.
Reuters contributed to this report.
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