The announcement came just two days before the August 1 deadline to impose reciprocal tariffs. However, in recent weeks, the US president has been repeating that both sides were close to striking a trade agreement.

Amidst trade negotiations, President Trump hinted at potential tariffs on India, despite acknowledging their friendly relations and ongoing trade discussions. He claimed India imposed higher tariffs than other nations,

India is preparing to face higher U.S. tariffs — likely between 20% and 25% — on some of its exports as a temporary measure, as it holds off on fresh trade concessions ahead of Washington's August 1 deadline,