US President Trump's imposition of a 25% tariff on Indian goods has cast a shadow on ongoing trade negotiations. Despite recent optimism about a potential deal, Trump's move appears to be a pressure tactic,

US President Donald Trump on Monday said a trade agreement with India has not yet unfinished, just two days before the August 1 deadline to impose reciprocal tariffs. Speaking to reporters, Trump said discussions are ongoing and hinted that India could face import duties as high as 25% if talks do not reach agreement.

India has communicated to the US its disinterest in purchasing the F-35 stealth fighter jets, emphasizing a preference for a partnership in domestic defense manufacturing. Concurrently, President Trump announced a 25% tariff on Indian exports,