U.S. Treasury Secretary Scott Bessent said Monday that several major U.S. trading partners had made strong proposals to avoid tariffs, and India is likely to be among the first countries to sign a trade agreement.
Speaking to CNBC, Bessent noted significant progress in talks with India, Japan, and other Asian partners. He highlighted that Vice President Vance’s recent trip to India showed promising developments and that negotiations with South Korea and Japan were also going well.
Bessent suggested that the first trade deal could be finalized within a week or two.
He also mentioned that China's move to exempt certain U.S. goods from retaliatory tariffs signaled an interest in easing tensions, and emphasized that the U.S. had responded by not escalating further.
Speaking to Fox News, Bessent said President Donald Trump would be heavily involved in crafting individual trade deals with 15 to 18 key partners, stressing the urgency of reaching agreements soon.
On China, Bessent hinted that future negotiations depended largely on Beijing, noting the trade imbalance between the two countries and suggesting that China might eventually initiate talks.
India sealed a ₹630 billion ($7.4 billion) deal with France on Monday to acquire 26 Rafale-M fighter jets for its navy, deepening Franco-Indian defence ties and accelerating New Delhi’s push to modernise its forces and curb reliance on Russian arms.
India retaliated to Pakistan's "unprovoked" firing after a Kashmir attack killed 26. Tensions rose as India suspended a water treaty and Pakistan shut airspace. The Resistance Front denied involvement after claiming it.
The Indian Navy has tested anti-ship missiles after a deadly Kashmir attack further strained already fragile ties with Pakistan.
India has suspended the Indus Waters Treaty with Pakistan, citing security concerns after a militant attack in Kashmir. The move raises fears of water shortages in Pakistan, threatening agriculture and power generation, while both countries remain at odds over hydropower projects.
Indian and Pakistani troops exchanged gunfire for a second consecutive day on Saturday, as relations between the two nuclear-armed neighbors deteriorated following a deadly attack on tourists in India’s Kashmir region.
The Vatican has announced that the conclave to elect Pope Francis's successor will begin on May 7. Here's a look at the key facts about the conclave, one of the oldest and most secretive elections in the world.
Germany is steadily losing export market share to China within the European Union, according to a report released Monday by the KfW Development Bank.
German President Frank-Walter Steinmeier assured NATO allies on Monday that Germany would enhance its military and infrastructure contributions to Europe's defense, in response to the ongoing war in Ukraine and growing concerns over the U.S. commitment to European security.
Singapore has directed Meta, the parent company of Facebook, to block Singaporeans' access to posts by three foreigners accused of attempting to influence the country's upcoming election along racial and religious lines.
U.S. Treasury Secretary Scott Bessent said Monday that several major U.S. trading partners had made strong proposals to avoid tariffs, and India is likely to be among the first countries to sign a trade agreement.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
China’s pivot away from U.S. liquefied petroleum gas under new tariffs is shaking global energy flows, slashing demand, and fuelling a scramble for alternatives across Asia, with Middle Eastern suppliers and rival buyers seizing the moment.
A deadly attack targeting tourists in India’s Jammu and Kashmir territory has left at least 20 feared dead, marking the deadliest incident against civilians in the region for years, according to security sources.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
As Canadians head to the polls on Monday, Prime Minister Mark Carney’s Liberals are leading Pierre Poilievre’s Conservatives in national opinion polls, with Jagmeet Singh’s New Democratic Party (NDP) trailing in third and the separatist Bloc Québécois in fourth. In what is shaping up to be a tight r
The Vatican has announced that the conclave to elect Pope Francis's successor will begin on May 7. Here's a look at the key facts about the conclave, one of the oldest and most secretive elections in the world.
Germany is steadily losing export market share to China within the European Union, according to a report released Monday by the KfW Development Bank.
German President Frank-Walter Steinmeier assured NATO allies on Monday that Germany would enhance its military and infrastructure contributions to Europe's defense, in response to the ongoing war in Ukraine and growing concerns over the U.S. commitment to European security.
Singapore has directed Meta, the parent company of Facebook, to block Singaporeans' access to posts by three foreigners accused of attempting to influence the country's upcoming election along racial and religious lines.
The Vatican has announced that the conclave to elect Pope Francis's successor will begin on May 7. Here's a look at the key facts about the conclave, one of the oldest and most secretive elections in the world.
Germany is steadily losing export market share to China within the European Union, according to a report released Monday by the KfW Development Bank.
German President Frank-Walter Steinmeier assured NATO allies on Monday that Germany would enhance its military and infrastructure contributions to Europe's defense, in response to the ongoing war in Ukraine and growing concerns over the U.S. commitment to European security.
Singapore has directed Meta, the parent company of Facebook, to block Singaporeans' access to posts by three foreigners accused of attempting to influence the country's upcoming election along racial and religious lines.
U.S. Treasury Secretary Scott Bessent said Monday that several major U.S. trading partners had made strong proposals to avoid tariffs, and India is likely to be among the first countries to sign a trade agreement.
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