US President Donald Trump said America is going to have a “very big” trade deal with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries.

"We're having some great deals. We have one coming up, maybe with India, a very big one, where we're going to open up India,” Trump said during an event at the White House promoting passage of the GOP's tax and spending cuts legislation on Thursday.

“In the China deal, we're starting to open up China. Things that never really could have happened, and the relationship with every country has been very good,” Trump said.

The president, however, did not elaborate on the details of the deal signed with China.