{
  "id": 15839295,
  "title": "India-US trade deal ‘much different’: As Marco Rubio meets Jaishankar in Mumbai, here's what Trump said",
  "url": "https://urgent.news/2026/10/21/india-us-trade-deal-much-different-as-marco-rubio-meets-jaishankar-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T02:38:21.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/india/indiaus-trade-deal-much-different-as-marco-rubio-meets-jaishankar-in-mumbai-heres-what-trump-said-11792549152437.html"
  },
  "original_language": "en",
  "account": "On Tuesday, US President Donald Trump stated that the US and India are nearing the finalization of a trade deal following more than a year of negotiations. This came as US Secretary of State Marco Rubio met with External Affairs Minister S Jaishankar in Mumbai. Trump's remarks came after Bloomberg reported that the two nations were close to reaching an agreement. Trump himself acknowledged on Tuesday that the deal could \"be a much different kind of deal,\" without providing further details. Rubio indicated that only a small number of items, primarily technical details, remain to be resolved. He expressed optimism that the agreement would be finalized within weeks rather than months and stressed the importance of ensuring the wording aligns with both countries' understanding to prevent any threat to the relationship. The waiver of tariffs was seen as removing one potential obstacle in the negotiations, as it would have impacted Indian products competing against those from Bangladesh, Vietnam, and Indonesia. Indian Commerce Minister Piyush Goyal mentioned that the first tranche of the deal is in its final contours and legal-drafting stage. Trump's comments were made amid Rubio's visit to India this week, marking his second such visit following an earlier trip in May. Rubio confirmed during a reception in Mumbai that the India-US trade deal is \"incredibly close,\" suggesting that the finalization is imminent. He emphasized the need for absolute precision in the negotiations and warned against announcing an incomplete deal to avoid jeopardizing the bilateral ties. Both US and Indian officials have recently expressed optimism about the prospects of an agreement, which would break the long-standing stalemate in trade between Washington and New Delhi. US Ambassador to India Sergio Gor had previously stated that \"the big items are done\" and that both countries were \"very close to landing it.\" Indian External Affairs Minister Jaishankar also expressed encouragement regarding the progress in trade talks.",
  "summary": "US President Donald Trump said the US and India are close to finalising a trade deal after more than a year of negotiations. Secretary of State Marco Rubio said the agreement could materialise within weeks, as both sides work through the final technical and legal details.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}