Trump says he has ‘potential deals’ with India, South Korea, Japan

US President Donald Trump is looking to conclude new trade deals with much of the world. Getty
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Updated 01 May 2025
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Trump says he has ‘potential deals’ with India, South Korea, Japan

WASHINGTON: President Donald Trump said on Wednesday that he has “potential” trade deals with India, South Korea and Japan as he seeks to convert his tariff policy into trade agreements.

At a town hall on the NewsNation television network, Trump was asked when he would be announcing agreements with those three countries.

“We have potential deals” with them, he said.

Trump said he was in no rush to conclude the deals because the US is reaping the benefits of the tariffs he has imposed.

“I’m in less of a hurry than you are. We are sitting on the catbird seat. They want us. We don’t need them,” he said.
 


India seals $3bn LNG agreement with UAE

Updated 19 January 2026
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India seals $3bn LNG agreement with UAE

  • Leaders hold talks to strengthen trade, defense ties

NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.

The agreement was signed during a very brief two-hour visit to ‌India by UAE ‌President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian ‌Prime Minister Narendra Modi. 

They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.

Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.

ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.

“India is now the UAE’s largest customer and a ‌very important part of ADNOC Gas’ LNG strategy,” ‍the company said.

The UAE is ‍India’s third largest trading partner and Sheikh Mohammed was accompanied ‍by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.

Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.

“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in ‌particular ways in the conflicts of the region,” he said.