U.S. President Donald Trump said a trade deal with India has yet to be finalised and warned of possible higher tariffs ahead of an August 1 deadline to seal an agreement.

U.S. President Donald Trump has hinted at a possible trade deal with India but warned of steep tariffs if no agreement is reached by August 1. Calling PM Modi a "friend," Trump criticized India’s high tariffs on U.

President Donald Trump on Wednesday announced a 25% tariff on imports from India, effective August 1. In a post on Truth Social, Trump stated that the country maintains "some of the highest tariffs in the world" and "non-monetary trade barriers" that he described as restrictive.