Trump announces US-India trade deal progress, excluding India from tariff ultimatum, but warns of potential 10% tariff under BRICS membership.

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.

Amidst escalating US-China trade tensions and fresh US tariffs on 14 countries, India is poised to sign an interim trade deal with the US, potentially before August 1.