As Donald Trump intensifies trade efforts, India is likely to finalize a trade agreement with the US, with a deadline extension granted until August 1. While India anticipates finalizing a deal, experts caution that any agreement might not shield Indian exports from future unilateral tariff increases.

India is currently eyeing an extended deadline for reciprocal tariffs as the US imposed 25 percent tax on imported goods from Japan and South Korea, kicking in from August 1.

Keeping up pressure on India, US President Donald Trump has said once again that the US is very close to sealing a trade deal with the country even as he sent letters to fourteen trade partners specifying tariff rates to be imposed on them from August 1.