Peter Navarro, the top trade adviser to President Donald Trump, said Wednesday that the White House was moving in the "Trump era" when it reached a tariff deal with India, and that's to say it as quickly as possible. ”
"In Indian democracy, we have to go through the Prime Minister and Parliament, we can't just do that, but we have to say it as quickly as possible in the Trump era."
Navarro said the trade agreement with India is "close".
A day ago, Treasury Secretary Scott Bessent said Washington is reaching a deal with New Delhi.
Those comments came when investors and consumers increasingly doubted that Trump could enforce a series of bilateral trade agreements, and he promised to make it when he launched his active tariff regime earlier this month.
Businesses had hoped that the White House could reach an agreement with the largest U.S. trading partner, and then Trump's massive tariffs lowered U.S. importers and exporters from global markets and cut U.S. economic growth.
U.S. GDP fell 0.3% in the first quarter of this year, driven by policy uncertainty over Trump's trade war.
On Tuesday, Commerce Secretary Howard Lutnick claimed a trade deal had been phased out. But he wouldn't say which country he is with.
"I've completed a deal, done, done, done, done, but I need to wait for their prime minister and their parliament to get approval, and I expect that's soon," Lutnik told CNBC's Brian Sullivan.
The White House has not disclosed any details of a possible trade deal with India.
But even Trump himself suggests that a deal, or at least a memo of an understanding framework, may be imminent.
Trump said on Tuesday that tariff negotiations with India were “going smoothly” and he believed “we will reach an agreement with India.”
Vice President JD Vance traveled to India last week where he met with Indian Prime Minister Narendra Modi. Bessent said Tuesday that the two leaders "had made great progress".
Navarro said he was not an active part of the negotiations on the table, but was “very inserted into what was being done”, with U.S. Trade Representative Jamieson Greer working very closely with Lutnick.
"The president is the main strategist, commander-in-chief. I'm just here to serve and help him do what he wants, both tactical and strategically, probably the best way to do it."