US President Donald Trump on Wednesday hinted at reaching a new trade deal with India soon. While adding “maybe”, he said that currently the US is in negotiations with India.

Trump, while speaking to reporters during a bilateral meeting with Bahrain’s Crown Prince Salman bin Hamad bin Isa Al Khalifa, emphasised that August 1 will be a significant day, when a lot of money will come into his country.

“… We’ve brought in over $100 billion. The tariffs haven’t kicked in significantly, except for automobiles and steel. August 1st is when a very substantial money comes into our country. We’ve made deals with numerous places. We had one yesterday,” Trump said.

“We have another one (deal) coming up, maybe with India… We’re in negotiation. When I send out a letter, that’s a deal… The best deal we can make is to send out a letter, and the letter says that you’ll pay 30%, 35%, 25%, 20%… We have some pretty good deals to announce… We’re very close to a deal with India where they open it up,” Trump added.

The US President on Tuesday said the United States is working on a deal that gives it access to the Indian markets.