A deal with India may be coming as well. “We’re very close to a deal with India,” he said. While negotiations with Japan are also ongoing, they are likely to remain at the 25% rate he announced last week.

President Donald Trump said on Wednesday the U.S. will probably "live by the letter" on tariffs with Japan and may have another trade deal coming up with India, following his announcement of an accord with Indonesia on Tuesday.

India may soon reach a long-awaited trade agreement with the United States, President Donald Trump said in an interview aired Wednesday. The two countries are currently holding their fifth round of talks as negotiators from New Delhi recently returned to Washington.