Howard Lutnick Predicts Imminent India-US Trade Deal: A Trump-Modi 'Sorry' on Tariffs?

In a significant forecast, Howard Lutnick, Chairman and CEO of Cantor Fitzgerald LP and BGC Partners, has predicted that India and the United States will finalize a trade deal within the next one to two months, should Donald Trump secure the presidency again. Speaking with CNBC, Lutnick expressed strong confidence, stating, "I think they're going to make a deal with Trump in a month or two.

They're going to say, 'Sorry, Narendra Modi.'"

Lutnick's remarks underscore his belief that if Trump returns to power, India will swiftly resolve its trade disagreements with the U.S., particularly concerning tariffs. The comment, "Sorry, Narendra Modi," appears to suggest that India might need to concede on certain tariff-related issues that have been points of contention between the two nations.

Throughout his first term, Donald Trump frequently criticized India for its tariffs on American products, often labeling the country the "tariff king." This stance led to various trade disputes and negotiations that, at times, strained economic relations between the two democracies.

Lutnick's prediction implies a potential shift in India's negotiating position, driven by the anticipated return of a highly protectionist U.S. administration.

The financial world and international observers are keenly watching the dynamics between India and the U.S. A new trade agreement could significantly impact various sectors, from agriculture and manufacturing to technology and services.

Lutnick's insight, coming from a prominent figure in global finance, adds weight to the growing speculation about the future trajectory of India-U.S. economic ties.

As the U.S. presidential election approaches, the potential for a renewed Trump presidency is prompting a re-evaluation of trade strategies by nations worldwide.

For India, a swift resolution of trade issues, as predicted by Lutnick, could be aimed at avoiding prolonged economic uncertainty and ensuring continued access to the critical U.S. market, albeit potentially under revised terms.