I think India is going to do that, if they do that, we're going to have a deal for less, much less tariffs," he said. "We are very close with India," Bessent told Fox News in response to a question about progress on trade negotiations. India could see its new "reciprocal" tariff rate rise to 27% from the current 10%. Trump said he was not thinking of extending the July 9 deadline and would simply send letters notifying countries of the tariff rate they would face. I doubt it," Trump told reporters aboard Air Force One as he returned to Washington from a trip to Florida.