Trump nears trade deals with India, South Korea and Japan

[WORLD] Former President Donald Trump revealed during a televised town hall on April 30, 2025, that the United States is nearing completion of trade agreements with India, South Korea, and Japan, which could be finalized within two weeks. Trump emphasized that while the deals are progressing, he prefers a cautious approach and is not in a rush. U.S. Trade Representative Jamieson Greer confirmed ongoing trade discussions with numerous countries, including the UK, South Korea, and Japan, noting that progress depends on how ambitious other nations are.

Trade Discussions with India

In his remarks, Trump highlighted that India is open to lowering tariffs for U.S. companies in exchange for better trade terms for Indian goods. India is reportedly willing to reduce import tariffs in sectors such as automobiles. During Trump's first term, the two countries had almost concluded a mini trade deal, but the COVID-19 pandemic delayed its finalization. Diplomatic sources suggest that there is now a renewed opportunity to conclude a free trade agreement under Trump's second term. ​

Engagement with South Korea

Trump's administration has been pressing for U.S. agricultural products to gain better access to South Korean markets. In return, the United States is considering dropping tariffs on South Korean industrial goods. Discussions also include allowing South Korea to purchase more U.S. military equipment, including advanced weaponry. The aim is to strengthen economic and defense ties between the two nations.

Initiatives with Japan

The Trump administration is focusing on increasing market access for U.S. agricultural products in Japan, such as beef, pork, wheat, and wine. In return, the United States is considering dropping tariffs on Japanese industrial goods like machinery. Japan is seeking assurances that Trump will not impose tariffs on Japanese cars. The administration is also pushing for advancements in digital trade and e-commerce.

Economic Strategy and Trade Policy

Trump defended his administration's economic strategy amid stock market concerns triggered by tariff policies, asserting that these are necessary transitional measures to safeguard the economy. He criticized previous administrations for financial losses and highlighted his efforts to strengthen the military. Trump also mentioned a recent deal with Ukraine on mineral resources and discussed the geopolitical stakes with Ukrainian President Zelensky. ​

As the United States approaches the potential finalization of trade agreements with India, South Korea, and Japan, the Trump administration continues to prioritize economic and defense interests in its foreign policy approach. The outcomes of these negotiations could have significant implications for U.S. relations with these key Asian partners and the broader Indo-Pacific region.​